index reservation (engagement)

Burton's Legal Thesaurus. . 2006

The practice of holding back a portion of money from an employee's paycheck to pay Social Security, Medicare, and income taxes.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

1 The portion of earned wages that an employer deducts to cover income tax purposes and forwards to the government.
2 The process by which the employer makes the deduction.
See also W-2 form, W-4 form.

Webster's New World Law Dictionary. . 2000.

A tax deducted from a salary, wage, or other income on behalf of the government at the time of payment of wages to the person who pays it.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • Withholding — Withholding, in general, usually refers to a deduction of money (as withholding tax ) from an employee s wages or salary by an employer, for projected or actual Income tax liabilities, see:* PAYE (United Kingdom, Ireland, Australia and New… …   Wikipedia

  • withholding — noun 1. the act of deducting from an employee s salary (Freq. 3) • Derivationally related forms: ↑withhold • Topics: ↑tax, ↑taxation, ↑revenue enhancement • Hypernyms: ↑ …   Useful english dictionary

  • withholding — Used in the context of securities, the illegal practice of a public offering participant keeping some shares in a private account or with a family member, employee, or dealer to profit from the higher market price of a hot issue. Bloomberg… …   Financial and business terms

  • Withholding — Withhold With*hold , v. t. [imp. {Withheld}; p. p. {Withheld}, Obs. or Archaic {Withholden}; p. pr. & vb. n. {Withholding}.] [With again, against, back + hold.] [1913 Webster] 1. To hold back; to restrain; to keep from action. [1913 Webster]… …   The Collaborative International Dictionary of English

  • withholding — with·hold·ing (wĭth hōlʹdĭng, wĭth ) n. A portion of an employee s wages or salary withheld by the employer as partial payment of the employee s income tax. Also called withholding tax. * * * …   Universalium

  • withholding — Deductions from salaries or wages, usually for income taxes and social security contributions, to be remitted by the employer, in the employee s name, to the taxing authority @ withholding of evidence It is an obstruction of justice to stifle,… …   Black's law dictionary

  • withholding — noun a) The deduction of taxes from an employees salary. b) The tax so deducted, and paid to local or national government …   Wiktionary

  • Withholding — Any tax that is taken directly out of an individual s wages or other income before he or she receives the funds. In other words, these funds are withheld from your wages …   Investment dictionary

  • withholding — (Roget s IV) modif. Syn. restraining, confining, checking, prohibiting, restricting, hindering, limiting, deterring, coercive, curbing, muzzling, bridling; see also confining . Ant. open*, liberating, freeing …   English dictionary for students

  • withholding — n. hiding, concealing; prevention, restraining with hold || wɪð həʊld ,wɪθ v. hold back; restrain, keep in check; retain, deduct; refrain from giving …   English contemporary dictionary

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