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Vocabulary Entry
tax
|noun • verb • adjective
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N
noun
A compulsory financial charge levied by a government on individuals or entities.
Example Sentences
"The income tax rate was increased this year."
"They decided to hire an accountant to help with their tax returns."
"Many businesses struggle to pay their taxes on time."
V
verb
To impose a financial charge or duty on someone or something.
Example Sentences
"The government plans to tax high earners at a higher rate."
"They decided to tax imported goods to protect local industries."
"It's important to understand how the new laws will tax your income."
A
adjective
Relating to or involving a tax or taxes.
Example Sentences
"They are exploring tax benefits for businesses."
"The accountant explained the tax implications of selling the property."
"He is attending a seminar on tax law updates."