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/ˈtæksəbl/
Meaning & Definition
adjective
Subject to taxation; liable to be taxed.
Income earned from self-employment is considered taxable.
Applicable or relevant in terms of taxation.
The company reported a taxable profit for the fiscal year.
Referring to items that can be taxed under laws or regulations.
Certain types of gifts are deemed taxable under federal tax laws.
Etymology
Derived from the word 'tax' combined with the suffix '-able', indicating capability.
Common Phrases and Expressions
taxable income:
Income that is subject to tax.
taxable event:
An occurrence that triggers a tax obligation.