WITHHOLDING

withholding

withholding, n. 1. The practice of deducting a certain amount from a person’s salary, wages, dividends, winnings, or other income, usu. for tax purposes; esp., an employer’s practice of taking out a portion of an employee’s gross earnings and paying that portion to the government for income-tax and social-security purposes. [Cases: Internal Revenue 4849; Taxation […]

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