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Questions and Answers
What is another term for tax withholding?
What is another term for tax withholding?
- Tax restitution
- Tax reimbursement
- Tax retention (correct)
- Tax reimbursement
In addition to employment income, on what else do many jurisdictions require withholding taxes?
In addition to employment income, on what else do many jurisdictions require withholding taxes?
- Veterans' benefits
- Payments of interest or dividends (correct)
- Child support payments
- Social security benefits
When does tax withholding sometimes apply to royalties, rent, or the sale of real estate?
When does tax withholding sometimes apply to royalties, rent, or the sale of real estate?
- When the recipient is a non-resident alien
- When the recipient is a citizen of the jurisdiction
- When the recipient of the income is resident in a different jurisdiction (correct)
- When the recipient is a legal entity
What is the primary purpose of governments using tax withholding?
What is the primary purpose of governments using tax withholding?
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When do governments sometimes impose additional tax withholding requirements?
When do governments sometimes impose additional tax withholding requirements?
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