withholding taxes
Employer-retained government payments
Withholding taxes are amounts an employer deducts from an employee's paycheck and sends directly to the government as prepayment toward income tax owed: Check your withholding—you got a huge refund, which means you're giving the government an interest-free loan.
The amount withheld depends on income level and allowances claimed on tax forms.
- payrollsEmployee payment records
- gross payEarnings before withholdings
- withholdingKeeping from another
- employerOne who employs others
- incomeRegular monetary receipts
tax compliance · salary · wages · government · deduction · revenue · tax forms · pay stub · FICA · pre-tax · earnings · federal income tax · state income tax · tax brackets · tax liability · adjusted gross income · allowances · W-2
- liabilitiesaccounts payable, tax liability, payables, short-term debt, long-term debt
- international taxdouble taxation, tax treaty, withholding tax, tax haven, tax havens
- tribal taxationtax exemption, tax exemptions, sovereign immunity, tribal governments, tribal government
withholding taxesvoluntary contributions
Freely offered gifts
charitable donations · tips · gifts · tax refund · take-home pay
withhold, withholds, withheld, hold, holds, holding, holdings, holder, holders