The tax rate
Example: Tax rate defines percentage applied to calculate owed taxes
Definition
"The tax rate" refers to the percentage at which an individual or corporation is taxed on their income, property, sales, or other taxable activities. It determines the portion of earnings or value that must be paid to the government as tax.
Etymology
The term "the tax rate" combines 'tax', derived from the Latin 'taxare', meaning to assess or estimate, and 'rate', from Old French 'rate', meaning a fixed proportion. Together, they describe the assessed percentage used to calculate taxes owed.
Learn to use this word actively
"The tax rate" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select English as the language you want to learn.
Create a free account
