withholding tax

withholding tax


: money that is taken from a person's pay and given directly to the government as income tax

Full Definition of WITHHOLDING TAX

:  a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax

First Known Use of WITHHOLDING TAX



Next Word in the Dictionary: within (adverb)
Previous Word in the Dictionary: withhold
All Words Near: withholding tax

Seen & Heard

What made you want to look up withholding tax? Please tell us where you read or heard it (including the quote, if possible).