10 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The company accountant explained the concept of withholding tax during the orientation session for new employees.
Every time I receive my paycheck, I review the details, including the amount of withholding tax deducted.
The government mandates employers to calculate and deduct the withholding tax accurately to ensure fair taxation.
The small business owner faced challenges in calculating and managing the withholding tax for the employees.
During the budgeting workshop, participants discussed strategies to minimize the impact of withholding tax on their take-home pay.
Employees should be aware of any changes in tax regulations that might affect the amount of withholding tax deducted from their income.
The finance professor elaborated on the implications of withholding tax on corporate finances in the advanced accounting class.
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.