Business Studies, asked by ikiaraquel17, 1 year ago

Which is an example of a withholding you might see on your pay stub?

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Answered by samaira26
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Answered by NainaRamroop
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A withholding tax is something is like a tax deducted at source, specially one levied by some countries on interest or dividends paid to a person who stays out of the country.

Various examples are there for withholding tax. Health insurance, Retirement savings these can be considered as withholding tax only.

Also a sample paycheck stub is also an example withholding tax. Some deductions are made before taxes like insurance. It would be deducted from the gross wages before deducting taxes.

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