MLchartDataset catalogue

Tax withholding

Term · Law · MLC-T-LAW-004855

The process by which employers deduct income tax directly from an employee's paycheck and remit it to the government on the employee's behalf. The amount withheld is based on the employee's earnings and information provided on their Form W-4. These payments are credited against the employee's total annual tax liability when they file their income tax return.

Table 1. Record
IdentifierMLC-T-LAW-004855
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004855",
  "term": "Tax withholding",
  "field": "Law",
  "definition": "The process by which employers deduct income tax directly from an employee's paycheck and remit it to the government on the employee's behalf. The amount withheld is based on the employee's earnings and information provided on their Form W-4. These payments are credited against the employee's total annual tax liability when they file their income tax return.",
  "url": "https://mlchart.com/terminology/law/tax-withholding/"
}

Record 4,955 of 5,441 in Law terminology (MLC-0107). Request the full dataset.