Definitions
There is 1 meaning of the phrase
Withholding Tax.
Withholding Tax - as a noun
Income tax withheld from employees' wages and paid directly to the government by the employer
Synonyms (Exact Relations)
withholding22Hypernyms (Closely Related)
income taxHyponyms (Broadly Related)
Example Sentences
"The withholding tax rate for dividends in this country is 15%."
"She realized there was an error in her paycheck when she saw the amount of withholding tax deducted."
"Individuals must report their withholding tax on their tax return at the end of the year."
"The company accurately calculates the withholding tax for each employee's salary."
"The government imposes a withholding tax on interest earned from savings accounts."
