withholding tax
1
4.4
- noun
- /wɪðˈhoʊldɪŋ tæks/
- Specialized
:
impuesto de retención
- Withholding taxes apply at the twenty percent rate for special payments.
- withholding tax applies
Examples
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The minimum interest rate will be the central bank's benchmark rate and no withholding tax will be applied.
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When you receive your paycheck, remember that the withholding tax has already been deducted by your employer.
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The illegal immigrants could work and would have to pay withholding taxes, but they would not be able to vote until they became citizens.
Blog text (15) -
For example, a person pays $1,000 in withholding taxes.
Blog text (13) -
For most taxpayers, it's recommended that you try to match your withholding tax as close to your actual tax liability as possible.
Blog text (27) -
You only pay withholding tax on the salaries you've paid.
Blog text (6) -
The first type, known as withholding tax, is withheld from an employee's wages by their employer.
Blog text (27) -
After Social Security numbers were assigned, the U.S. government in 1937 began collecting the payroll withholding taxes levied under the Federal Insurance Contributions Act (FICA).
Academic text (2002) -
Most employees do not realize that their wages are subject to a withholding tax that goes directly to the government.
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Employers are responsible for deducting withholding tax from their workers' salaries before issuing paychecks.
Synonyms
7
6.7
Money that an employer takes from an employee's pay and sends to the government
Antonyms
Surface Forms
Morphology
The meaning 'a tax that is withheld from wages' follows directly from combining 'withholding' (holding back/retaining part of pay) with 'tax' (a government charge). This is a straightforward compositional noun phrase with clear cross-linguistic parallels (e.g. Spanish 'retención', French 'prélèvement à la source'), so a B1 learner who knows the constituents can infer the meaning.
Etymology
The term withholding tax comes from the simple idea that an employer 'holds back' part of a worker's pay as the withholding, and sends it to the government as a tax. So, it means a tax taken from wages before the worker gets their money.