taxable
- 01 B2 Upper Intermediate
adj.describes money you earn or things you own that you must pay tax on.
adj.subject to taxation by law; describing income or assets that are not exempt from government levies.
Simple“Your total taxable income is calculated after you subtract your business expenses.”
In context“The accountant identified several revenue streams that, while previously overlooked, were clearly taxable under the revised federal guidelines.”
SynonymsassessablechargeableAntonyms - 02 C1 Advanced
n.an item or amount of money that a person must pay tax on.
n.an entity, asset, or sum of money upon which a tax is levied.
Simple“The government keeps a list of all taxables, including luxury cars and houses.”
In context“The legislative debate focused on whether digital services should be classified as taxables alongside traditional physical goods.”
From tax + -able
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.