Withholdings
/ˈwɪðˌhoʊldɪŋz/
Definitions
- (n.) Amounts of money lawfully deducted from wages or payments for tax or other statutory purposes.
The employer must report the employee's withholdings to the tax authority.
Related terms
See also
Commentary
Use 'withholdings' strictly to refer to sums withheld, usually from wages, often related to taxes or statutory deductions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.