Definition Definition

taxable - Meaning and Examples

Meaning of 'taxable' (Webster Dictionary)

1 . Taxable [ a.]
- Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.
- That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs.

Meaning of 'taxable' (Princeton's WordNet)

1 . taxable [ a]
Meaning (1):
- (of goods or funds) subject to taxation
Example in sentence:
  • nonexempt property;
  • taxable income