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taxable

Aussprache: [ˈtæksəbl]

Wort

Kontext: „finance“

(adjective) when something can be taxed or is subject to tax. This means the government can charge money on that item, income, or service. For example, if you earn money from a job, that money is taxable, which means you will have to pay taxes on it.

Beispiel

Her income from the job is taxable, so she needs to report it on her tax return.

Beispiel

The gift she received is not taxable, so she doesn't have to pay any taxes on it.

Beispiel

Is this income taxable under the new tax rules?

Kontext: „law“

(adjective) related to things that can legally be taxed. This means that according to the law, certain items or services must have taxes paid on them. For example, when you buy things like candy or clothes, those items may be taxable.

Beispiel

Sales of many products are taxable, which helps provide money for public services.

Beispiel

Some services, like healthcare, are not taxable, so you won’t owe any tax on them.

Beispiel

Which purchases are taxable when I go shopping?

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