| 释义 |
tax liability
Thesaurus| Noun | 1. | tax liability - the amount of tax owed; calculated by applying the tax rate to the tax baseliabilities - anything that is owed to someone else |
Tax Liability
Tax liabilityThe amount in taxes a taxpayer to the government.Tax LiabilityThe money one owes to the government in a given year. At its most basic, a tax liability is usually a certain percentage of one's income, and varies according to income. That is, one who makes $100,000 per year usually has a higher tax liability than one who makes $25,000. Different taxable events command different tax liabilities. For example, income taxes are usually higher than capital gains taxes. Certain taxable events do not occur for everyone in every year; for example, inheritance taxes only apply when someone dies. See also: Tax bracket.Tax LiabilityThe amount of total tax due the IRS after any credits and before taking into account any advance payments (withholding, estimated payments, etc.) made by the taxpayer.tax liability
Words related to tax liabilitynoun the amount of tax owedRelated Words |