Income-tax - definition, pronunciation, transcription
Amer.
|ˈɪŋkəm tæks|
Brit.
|ˈɪŋkəm tæks|
noun
- A tax levied on earned and unearned income, net of allowed deductions.
Extra examples
Federal income tax will be deducted from your pay.
The new law will lower income taxes for most taxpayers.
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