taxable
Owes the government
Taxable describes income, property, or transactions subject to taxation: taxable income, taxable goods.
The opposite is tax-exempt or nontaxable.
What counts as taxable varies by jurisdiction—some states tax clothing, others don't.
After deductions, her taxable income was much lower than her salary.
Payment for work
- salaryFixed periodic employment payment
- earningsMoney gained from work
- dividendsProfits paid to shareholders
- interestAttention, stake, or fee
royalties · rental income · investment income · gross income · adjusted gross income · brackets · withholding · W-2
Incremental consumption tax
- exciseRemove by cutting
- tariffTax on traded goods
- dutyRequired moral task
- levyCompulsory government charge
purchase · transaction · goods · services · import · export · consumption · retail
Formal accounts examination
- liabilityLegal or financial obligation
- obligationRequired task or commitment
- filingStoring documents systematically
- documentationWritten proof or instructions
reporting · IRS · revenue service · regulation · penalty · delinquent · arrears · enforcement
Conclusion from premises
- write-offRecorded value reduction
- allowanceFixed periodic payment
- exclusionBeing barred from participation
- creditRecognition or payment deferral
loophole · nonprofit · charity · 401k · IRA · municipal bonds · dependent · standard deduction
Formal evaluation of worth
- valuationAssessment of monetary worth
- real estateLand and its structures
- landEarth's solid surface
- assetsOwned items of value
appraisal · fair market value · assessed value · tangible · intangible · personal property · net worth · holdings
wages
Payment for work
- salaryFixed periodic employment payment
- earningsMoney gained from work
- dividendsProfits paid to shareholders
interest · royalties · rental income · investment income · gross income · adjusted gross income · brackets · withholding · W-2 · 1099
VAT
Incremental consumption tax
levy · purchase · transaction · goods · services · import · export · consumption · retail · wholesale
audit
Formal accounts examination
- liabilityLegal or financial obligation
- obligationRequired task or commitment
- filingStoring documents systematically
documentation · reporting · IRS · revenue service · regulation · penalty · delinquent · arrears · enforcement · deadline
deduction
Conclusion from premises
- write-offRecorded value reduction
- allowanceFixed periodic payment
- exclusionBeing barred from participation
credit · loophole · nonprofit · charity · 401k · IRA · municipal bonds · dependent · standard deduction · itemized
assessment
Formal evaluation of worth
- valuationAssessment of monetary worth
- real estateLand and its structures
- landEarth's solid surface
assets · appraisal · fair market value · assessed value · tangible · intangible · personal property · net worth · holdings · portfolio
- financial termswealth, asset, currency, balance sheet, audit
- business adjectivescommercial, corporate, economic, financial, fiscal
- taxeswithholding, VAT, GST, customs duty, FICA
- price wordscheap, expensive, costly, affordable, pricey
- Product Statusfor sale, sold, available, unavailable, in stock
- statusespending, active, approved, inactive, completed
taxabletax-exempt
Free from taxation
tax-free · nontaxable · untaxed · exempt · duty-free
- taxable incomeEarnings subject to taxation
- taxable gainsIncome subject to levy
- taxable valueWorth subject to levy
- taxable earningsRevenue owed to government
- taxable goodsProducts subject to duties
- taxable propertyAssets subject to levies