Withholding tax, in its technical meaning, refers to a financial mechanism where a certain percentage of income or interest payments made by foreign corporations is deducted and subsequently collected by the government as tax before the full amount is paid to the recipient. This practice...
Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award. Non-Income Tax means any Tax other than an Income Tax. Swiss Withholding Tax means...
Federal income tax withholding varies between employees. The IRS bases FITW on the total amount of taxable wages. Unlike Social Security and Medicare taxes, federal income taxes do not go to one specific program. The government uses federal income taxes from employees to fund several programs (e...
n. (美国由雇主从员工收入中扣除并直接交给政府的)须扣税款 牛津词典 noun （美国由雇主从员工收入中扣除并直接交给政府的）须扣税款(in the US) an amount of money that an employer takes out of sb's income as tax and pays directly to the government ...
n. 1. (美国由雇主从员工收入中扣除并直接交给政府的)须扣税款(in the US) an amount of money that an employer takes out of sb's income as tax and pays directly to the government 例句 释义: 全部,预扣税款,预扣缴税,代扣代缴税费 更多例句筛选 1. If you do not allow withholding tax for...
withholding taxwithˈholding tax[countableC,uncountableU]TAX 1the amount of interest orDIVIDEND(=regular income from shares) that a financial institution must take from someone’s investments and give to the government as income tax 2in the US, the amount of an employee’s income that their ...
To address this issue, governments devised a solution: the Withholding Tax. This allows the paying company to deduct the tax amount from the payment, ensuring it's collected efficiently without overwhelming administrative processes. The paying company, typically a domestic entity, already ...
withholding tax如何读 英:[wiðˈhəuldiŋ tæks] 美:[wɪθˈholdɪŋ tæks] withholding tax是什么意思 n. 代扣所得税; withholding tax英英释义 noun a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax ...
The term "withholding tax" refers to the money that an employer deducts from an employee’s gross wages and pays directly to the government. The amount withheld is a credit against the income taxes the employee must pay during the year. ...
The amount ofincome tax withheldfrom each paycheck depends on how an employee fills out IRS Form W-4. This form is not submitted to the government—it is only used by the employee and the employer to determine how much tax to withhold.12 ...