English Dictionary |
TAX LIABILITY
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Dictionary entry overview: What does tax liability mean?
• TAX LIABILITY (noun)
The noun TAX LIABILITY has 1 sense:
1. the amount of tax owed; calculated by applying the tax rate to the tax base
Familiarity information: TAX LIABILITY used as a noun is very rare.
Dictionary entry details
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)
Learn English with... Proverbs |
"Don't bite the hand that feeds you." (English proverb)
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"A good chief gives, he does not take." (Native American proverb, Mohawk)
"Call someone your lord and he'll sell you in the slave market." (Arabic proverb)
"He who sleeps cannot catch fish." (Corsican proverb)