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Withholding tax

Definition:

The amount of income tax withheld from employees’ wages or salaries.

Example Sentences

Are we able to estimate the withholding tax or does the figure need to be exact?

They rarely count any withholding tax.

You don't have to worry about that withholding tax.

Nonetheless, the purpose of withholding tax is to facilitate or accelerate collection.

You don't have to report the withholding tax on your year-end forms.

Nonetheless, the withholding tax was much more than I had expected.