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: withier
Previous Word in the Dictionary: withhold
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