Underwithholding

0.01 sec.

Underwithholding

When a taxpayer has withheld too little tax from salary and will therefore owe tax when filing a return.

Underwithholding

A situation in which an employer withholds too little from an employee's paycheck; that is, the employer gives too little of the employee's wages or salary to the tax agency. This occurs when the employee makes enough to qualify for a higher tax bracket that the one used for the paycheck. Underwithholding results in the employee owing taxes at the end of the year.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			The employer must provide the employee and the SSA with a Form W-2c reflecting additional wages for the year in which the underwithholding occurred. Correcting employment tax errors by Mort, Kathleen; Boeskin, Dan / The Tax Adviser Unfortunately, many working couples have to worry more about underwithholding than overwithholding. Marriage and Taxes by Kiplinger Washington Editors / Kiplinger.com You may also want to check with your tax advisor to determine if you are at risk for an unexpected tax bill or penalty for underwithholding related to the income generated by the withdrawal. Protecting Retirement Savings Amid Corporate Consolidation & ... by Business Wire			Underlying Value Undermargined Undermargined Account Underpayment Underpayment Penalty Underperform Underperforming Asset Underpricing undersecured loan Undersell Underspend Understandability Undersubscribed Undertakings for Collective Investment in Transferable Securities Undertone Undervaluation Undervalued Undervalued Company Undervalued Currency Undervalued Security underwater Underwater Loan Underwater Option Underweight Underweighted Underwithholding underwrite Underwriter Underwriter's Discount Underwriters Laboratories, Inc. Underwriting Underwriting Agreement Underwriting Commission Underwriting Cycle Underwriting Expenses Underwriting Factors Underwriting Factors: Health Insurance Underwriting Factors: Life Insurance Underwriting Fee Underwriting Gain Underwriting Income Underwriting Requirements Underwriting Risk Underwriting Spread Underwriting Syndicate Underwritten Offering Undetachable Stock Warrant undeveloped land Undifferentiated Marketing Undigested Securities Undischarged Bankrupt			underweight underweight underweighted underweighted underweighted underweighting underweighting underweighting underweights underweights underweights underwent underwent underwhelm underwhelmed underwhelming underwhelms underwing underwing Underwing moth Underwing moth underwing moths underwing moths Underwings Underwings underwire Underwired underwires Underwithheld Underwithhold Underwithholding Underwithholds Underwitted underwood underwood Underwood and Underwood Underwood chart Underwood Conservation District Underwood distillation method Underwood, Oscar Underwood, Oscar Wilder Underwood, William Underwoods Underwoods Underwoods Engineered Products Ltd underwool Underwork underworked Underworker Underworker underworking underworks underworld underworld underworld underworld activity underworld character Underworld Death Dealers Underworld Dreams underworld gangster

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.