withholding tax

Examples of withholding tax in a Sentence

Recent Examples on the Web Later in the day, the governor’s office announced a discrepancy in the budget numbers occurred because a state payroll withholding tax of nearly $2 million was tagged for fiscal year 2021 when it should have been tagged for fiscal year 2020, which caused an inflation in prospective money for 2020. Tyler Arnold, Washington Examiner, 2 July 2020 When a studio pays an actor $1 million, it’s required to deduct a 25 percent withholding tax. Mike Barnes, The Hollywood Reporter, 15 Aug. 2022 Regardless of which option the player takes, the IRS enforces a minimum 24% federal withholding tax on lottery winnings. George Petras, USA TODAY, 10 Jan. 2023 In several states, including North Carolina, Ohio, and New York, public university systems refer patients to other state agencies for legal action or withholding tax refunds. Noam N. Levey, Anchorage Daily News, 27 Dec. 2022 See all Example Sentences for withholding tax 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'withholding tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Thesaurus Entries Near withholding tax

Cite this Entry

“Withholding tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/withholding%20tax. Accessed 5 Nov. 2024.

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