TAX LIABILITY

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does tax liability mean? 

• TAX LIABILITY (noun)
  The noun TAX LIABILITY has 1 sense:

1. the amount of tax owed; calculated by applying the tax rate to the tax base

  Familiarity information: TAX LIABILITY used as a noun is very rare.

 Dictionary entry details 

• TAX LIABILITY (noun)

Sense 1

Meaning:

The amount of tax owed; calculated by applying the tax rate to the tax base

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("tax liability" is a kind of...):

liabilities (anything that is owed to someone else)