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Definition of "withholding tax" []

  • A withholding, a tax withheld from employees' salary and paid to the government. The withheld amount is considered a credit in final taxation. (noun)

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Use "withholding tax" in a sentence
  • "I had no business being there [laughter] — Beardsley Rummel, the father of the withholding tax idea; Harry"
Words like "withholding tax"
pay as you earn
paye