Withholding (Noun)
Meaning 1
The act of deducting from an employee's salary.
Classification
Nouns denoting acts or actions.
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Meaning 2
Income tax withheld from employees' wages and paid directly to the government by the employer.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The employer is required to forward the withholding to the tax authority on a timely basis.
- The amount of income tax withholding is determined by the employee's tax filing status and number of dependents.
- The tax authority imposes penalties on employers who fail to remit withholding payments on time.
- As an employee, I can request that my employer increase or decrease the amount of income tax withholding from my paycheck.
- The employer must provide a statement of withholding to each employee at the end of the tax year for use in preparing their income tax return.
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Meaning 3
The act of holding back or keeping within your possession or control; "I resented his withholding permission"; "there were allegations of the withholding of evidence".
Classification
Nouns denoting acts or actions.