Meaning of taxable

tax•a•ble

Pronunciation: (tak'su-bul), [key]
— adj.
  1. capable of being taxed; subject to tax: a taxable gain.
—n.
  1. Usually,persons, items of property, etc., that are subject to tax.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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