income tax

Definitions

General English

  • noun a tax on money earned as wages or salary

Accounting

  • noun the tax on a person’s income, both earned and unearned
  • noun the tax on the profits of a corporation

Economics

  • noun tax on an individual’s income (both earned and unearned)

Law

  • noun a tax on salaries and wages, calculated at different rates according to how much you earn

Politics

  • noun a tax, mainly on what someone is paid
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