7 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.
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.