A portion of an employee's wages or salary withheld by the employer as partial payment of the employee's income tax. Also called withholding tax.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "withholding" in a sentence
"In two new reports, researchers from the Massachusetts General Hospital Institute for Health Policy examine a broader range of withholding behaviors among life scientists than previously reported and describe how data withholding is affecting researchers in several fields during their training years."
"The prospect of a potentially long and drawn out debate on extending the tax cuts with a possible compromise on upper income individuals is something that I believe is not priced into markets nor is a possible rise in withholding rates early next year."
"If Congress doesn't act and all the tax provisions expire as scheduled, employers would begin withholding at the higher tax rates immediately, leaving many taxpayers $100 or $200 a month poorer beginning in January."