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taxable

Pronunciation: [ˈtæksəbl]

Word

Learn how to use taxable in a sentence: 6 audio examples across 2 meanings.

Context: “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.

Example

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

Example

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

Example

Is this income taxable under the new tax rules?

Context: “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.

Example

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

Example

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

Example

Which purchases are taxable when I go shopping?

How to pronounce taxable

Pronunciation: [ˈtæksəbl]

Listen and repeat as many times as you need.

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