Business, Legal & Accounting Glossary

Definition: Withholdings

Quick Summary of Withholdings

The amount of money that’s withheld from an employees salary and paid (by the employer) to the correct authority. Some examples include pension schemes and national insurance.

What is the dictionary definition of Withholdings?

Dictionary Definition

  1. The deduction of taxes from an employee’s salary.
  2. The tax so deducted, and paid to the local or national government.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Withholdings. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 13, 2020 https://payrollheaven.com/define/withholdings/.
Chicago Manual of Style (CMS):
Withholdings. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/withholdings/ (accessed: July 13, 2020).
American Psychological Association (APA):
Withholdings. PayrollHeaven.com. Retrieved July 13, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/withholdings/

Definition Sources

Definitions for Withholdings are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th August, 2019 | 0 Views.