Sentences with Withholding Tax

A tax deducted at the source of income, typically by an employer or payer, before the income is received by the recipient.

3 Example Sentences Showcasing the Meaning of 'Withholding Tax'

The company automatically deducts the withholding tax from each employee's paycheck.

Emily, a recent graduate, was learning to manage her finances, including understanding the concept of withholding tax.

John, a seasoned professional, was well aware of the importance of accurate documentation for withholding tax purposes.

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