as in deprivation A tax deducted at the source of income, typically by an employer or payer, before the income is received by the recipient. Clear All
7 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.
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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