withholding

withholding
index reservation (engagement)

Burton's Legal Thesaurus. . 2006


withholding
The practice of holding back a portion of money from an employee's paycheck to pay Social Security, Medicare, and income taxes.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


withholding
n.
1 The portion of earned wages that an employer deducts to cover income tax purposes and forwards to the government.
2 The process by which the employer makes the deduction.
See also W-2 form, W-4 form.

Webster's New World Law Dictionary. . 2000.


withholding
A tax deducted from a salary, wage, or other income on behalf of the government at the time of payment of wages to the person who pays it.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

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