Backup withholding is a tax that is levied oninvestment income, at an established tax rate, as the investor withdraws it. For payments not subject to withholding, payers are required to withhold the tax. Backup withholding helps to ensure that government tax-collecting agencies, such as theInter...
Backup withholding is an investment tax levied by the IRS at a fixed rate of 24% on all sources of income, like dividends, interest payments, royalties, rents, and gambling winnings.Backup Withholding Extended DefinitionBackup withholding is a form of income tax mainly applicable to investors. ...
After hitting deductible, medical costs will be split between you and the insurance provider. Copayments or copay is one of the ways to do this. Copayments have a flat rate depending on the specific service or prescription. For example, the flat rate for a check-up would be different from...