Expert as in omission A tax deducted at the source of income, typically by employers, before the income is paid to the recipient. Clear All
6 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The government mandates employers to calculate and deduct the withholding tax accurately to ensure fair taxation.
Employees should be aware of any changes in tax regulations that might affect the amount of withholding tax deducted from their income.
My employer automatically deducts a portion of my salary as withholding tax before I receive my paycheck.
As a self-employed individual, I need to calculate and pay withholding tax on my income.
The government uses withholding tax as a way to ensure regular income for public services.
Understanding withholding tax is crucial for anyone entering the workforce, regardless of their educational background.
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