Expert as in retention A tax deducted at the source of income, typically by employers, before the income is paid to the recipient. Clear All
7 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The withholding tax on my investment gains is automatically processed by the financial institution.
Freelancers need to be aware of their responsibility for calculating and paying withholding tax.
Investors should consider the impact of withholding tax on their overall returns.
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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