Difference between revisions of "Withholding"

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Withholding is a [[tax]] deducted from a salary, wage, or other [[income]] on behalf of the [[government]] at the time of payment of [[wages]] to the person who pays it.  
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Withholding is the collection of a portion of [[wage]]s or other type of [[income]] by a payer at the time of payment in satisfaction of a payee's estimated [[tax]] obligation to an entity of [[government]].
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[[category:law]]
 
[[category:law]]

Revision as of 22:50, December 17, 2007

Withholding is the collection of a portion of wages or other type of income by a payer at the time of payment in satisfaction of a payee's estimated tax obligation to an entity of government.