/ English Dictionary |
TAX LIABILITY
Pronunciation (US): | ![]() | (GB): | ![]() |
I. (noun)
Sense 1
Meaning:
The amount of tax owed; calculated by applying the tax rate to the tax base
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("tax liability" is a kind of...):
liabilities (anything that is owed to someone else)
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