Difference between revisions of "Withholding"
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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]]. | + | '''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]]. |
[[category:law]] | [[category:law]] | ||
Revision as of 01:09, January 17, 2008
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.