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LSDefine

Simple English definitions for legal terms

withholding tax

Read a random definition: inter regalia

A quick definition of withholding tax:

Withholding tax: When you earn money, the government takes a small part of it as tax. Withholding tax is when your employer takes this tax out of your paycheck before you even get it. This helps make sure that you pay your taxes on time and don't owe too much money at the end of the year.

A more thorough explanation:

A withholding tax is a type of tax that is deducted from an employee's paycheck by their employer and paid directly to the government. This tax is usually based on the employee's income and is used to cover their income tax liability.

For example, if an employee earns $50,000 per year and their withholding tax rate is 20%, their employer will deduct $10,000 from their paycheck and pay it directly to the government. This helps ensure that the employee pays their income tax liability throughout the year, rather than having to pay a large lump sum at the end of the year.

Withholding tax is also commonly applied to other types of income, such as dividends, interest, and royalties. In these cases, the payer of the income is responsible for withholding the tax and paying it directly to the government.

withholding of evidence | without day

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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