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WordNet-Online
Definitions from WordNet
Noun withholding tax has 1 sense
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Definitions from the WebTerm: Withholding TaxDescription: Withholding tax refers to a government-imposed tax on income that is withheld or deducted at the source. It is typically collected by employers or financial institutions and is paid directly to the government. Withholding tax is commonly used to ensure that individuals or businesses pay their taxes throughout the year, rather than paying a lump sum at the end of the year. Sense 1: Withholding Tax (Noun) Example Sentence: The company deducted the withholding tax from my paycheck before I received it. Sense 2: Withholding Tax (Adjective) Example Sentence: The government implemented a new withholding tax policy to increase tax compliance. Sense 3: Withhold (Verb) Example Sentence: The company will withhold tax from the contractor's payment as required by law. Related Products: Check out the following products on Amazon related to withholding tax: | ||||
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