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
