as in deprivation A tax deducted from income at the time it is earned, often by an employer, before the earnings are given to the recipient. Clear All
6 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The accountant advised the entrepreneur on the importance of setting aside funds for quarterly estimated tax payments, including withholding tax.
The government introduced new regulations to ensure transparency in the withholding tax process, benefiting both employers and employees.
Emily was surprised when she received her first paycheck and saw the withholding tax deduction.
High-income earners often hire tax professionals to optimize their withholding tax strategies.
Learning about withholding tax is part of the training for new employees in the finance department.
The finance class discussed the impact of withholding tax on individuals and the economy.
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