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taxable
01
subject to being taxed by the government
taxable
adj
tax
n
nontaxable
adj
nontaxable
adj
taxability
n
taxability
n
Example
Rental income from investment properties is usually taxable.
The sale of stocks may result in taxable capital gains.
Some benefits, such as unemployment compensation, may be taxable depending on the circumstances.
The interest earned on savings accounts is considered taxable income.
Income earned from freelance work is taxable and must be reported on your tax return.
