Examples of Withholding Amount in a sentence
The Base Withholding Amount is equal to the Base Employment Number multiplied by the base average wage multiplied by the effective State income tax withholdings rate.
The Base Withholding Amount will be adjusted each Taxable Year for inflation, using the United States Bureau of Labor Statistics Compensation (Not Seasonally Adjusted): Employment Cost Index for Total Compensation, private industry workers.
On the payment of the Withholding Amount to the Commissioner, the Buyer is discharged from all liability to pay the Withholding Amount to the Seller.
If the Buyer is required to pay an amount to the Commissioner under section 14-200, the Buyer is entitled to withhold from the price payable at settlement an amount equal to the Withholding Amount.
Prior to funding any Payments under this Agreement, the City will first withhold from the Incremental Property Tax Revenues an amount equal to the Admin Withholding Amount.