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Simple English definitions for legal terms

withholding

Read a random definition: same offense

A quick definition of withholding:

Term: Withholding

Definition: Withholding is when a certain amount of money is taken out of a person's income, like their paycheck or money they make from investments. This money is usually taken out to pay for things like taxes. The person or company who takes out the money then gives it to the government. For example, if you work at a job, your employer might take out some money from your paycheck to pay for taxes and then give that money to the government.

A more thorough explanation:

Definition: Withholding in a legal context means taking out a certain amount or percentage of money from a person's income, like from their paycheck or investment earnings. This money is usually paid to the government by the person or organization that withholds it (like an employer).

Example: Let's say you work at a company and earn $1,000 per paycheck. Your employer is required by law to withhold a certain amount of money from your paycheck for taxes. This means that you might only receive $800 in your paycheck, with $200 being withheld and sent to the government.

Another example is if you receive dividends from stocks you own. The company that pays the dividends might withhold a certain percentage of the earnings and send it to the government on your behalf.

These examples show how withholding works in practice - a portion of your income is taken out and sent to the government to cover taxes or other obligations.

withdrawal of a corporation | without recourse

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darthaifos33
14:36
and UPenn for that matter! Would be greatly appreciated
yay pookie! congrats!
14:39
omg this guy on the deposition is screamingggg
darthaifos33
14:39
And congrats!!!!!!<3
14:49
like it's crazy
i've heard great things about UVA! I visited upenn and hated it so much / felt so uncomfy there and the starbucks by campus got robbed while i was there waiting for my tour to start lol
darthaifos33
14:59
@OptimisticOutlier That sounds terrible, I'm sorry you had to experience that lol. Can I ask what made you feel uncomfortable? Like the sketchy vibes of the city or like the camp\us itself etc.?
darthaifos33
14:59
campus
penn is in a nice area
right next to drexel
it was campus itself, honestly i can't explain what it actually is. I felt the same way when I was touring schools for undergrad, pretty much pulled up to upenn and told my mom i knew i didn't like it and didn't need to take the tour lol
would argue with the nice area piece lol i think all of philly is kinda scary, someone pulled a gun on my team while we were down for a football game at upenn and walking around at night
but that said, i'm pretty happy i moved to pa after school and i know lots of people love upenn!
dear god is that sketchy
definetly safer than how its being described
people are absolutely crwzy
yeah yeah will 10000% agree i've had like bad outlier experiences lol
u are the optimistic outlier after all
true!
how do i tell my boss im quitting and need to take off on monday (visiting ND on monday to meet with dean and check the vibes, was gonna put in my 2 weeks regardless
16:00
NEED
16:00
i luv being an art hoe snob
amlaw
16:38
believe it or not i didn’t miss any calls
OvertReconditeSpider
18:03
Lol all of philly is a dumpster fire
OvertReconditeSpider
18:03
Yet i am moving there for law school in 14 days lol
manifestmoreadmissions
18:56
@OptimisticOutlier: congratulations!!!
21:14
I live in that area. It isn't bad at all
[] ararara
23:33
Optimistic whaaaaaat?! Now we’ve gotta have some fun! Did we disco? Take your lil victory lap I know that’s right! Make sure to leave some wisdom behind on your profile for the future users!
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