taxable

Meanings

1. 1
   adj

   legally subject to tax

   Interest earned on the account is taxable income.

2. 2
   adj

   capable of being taxed or assessed for tax

   The court considered whether the benefit was taxable under the statute.

Formed in English from tax + -able. Tax came through Anglo-French taxe from Medieval Latin taxa ('assessment'), related to Latin taxare ('to evaluate, assess').

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