with-holding tax

withholding tax

noun
that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government.
Also called withholding.


Origin:
1940–45

unwithholding, adjective
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World English Dictionary
withholding tax
 
n
1.  tax deducted at source from income, esp from dividends, paid to nonresidents of a country, which may be reclaimed if a double-taxation agreement exists between the country in which the income is paid and the country of residence of the recipient
2.  (US) a portion of an employee's tax liability paid directly to the government by the employer

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American Heritage
Cultural Dictionary

withholding tax definition


The tax withheld (or deducted) directly from one's paycheck.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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