What is the meaning of tax liability?

noun

  • The amount of tax owed; calculated by applying the tax rate to the tax base. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). tax liability. Retrieved September 21, 2026, from http://smartdefine.org/tax_liability/definitions/1242756
ChicagoWordNet. 2010. "tax liability" http://smartdefine.org/tax_liability/definitions/1242756 (accessed September 21, 2026).
HarvardWordNet 2010, tax liability, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/tax_liability/definitions/1242756>.
MLAWordNet. "tax liability" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/tax_liability/definitions/1242756>
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