12 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.
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.
Parents might find it helpful to teach their children about withholding tax as part of financial literacy education.
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.