Outrageously Funny Word Dictionary :: Withholdment

👉 In the context of accounting, withholding is a method used by employers to ensure that employees are paid for their work. It involves setting aside a portion of an employee's pay as a deposit or credit toward future salary payments. The amount withheld from the original payment is then credited back to the employee in subsequent salaries. This process helps to avoid double taxation and ensures that the employer does not receive more than what they should, thereby maintaining transparency and fairness in the workplace.

withholdment