Tax
Type: noun
Pronunciation: /tahx/
Also spelled or known as: Taxation
Plural: Taxes
Related: Business
What does Tax mean? A government imposed financial charge on income, sales, property, or transactions.
In the music industry, artists and companies may pay taxes on royalties, merchandise sales, touring income, licensing fees, and other earnings.
Tax synonyms: Taxation, Government Levy, Revenue Tax
Example sentence: “The artist set aside money for tax time.”
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