tax bill

Thân thiện

The family reviews their tax bill at the kitchen table.

Definition

Noun: 1. A formal statement of the amount of money owed to the government for taxes: A tax bill is the official document or invoice issued by a tax authority that details the specific amount of tax a person or entity is required to pay for a given period.

Usage

The term tax bill is used to refer to the specific, quantified financial obligation resulting from tax assessment. It is the final calculation of what is owed. * It is commonly the subject of verbs like receive, pay, calculate, dispute, or reduce. * It is often modified by adjectives describing its size (e.g., large, hefty, small) or type (e.g., property tax bill, annual tax bill).

Examples

• Noun:
  • Homeowners received their annual property tax bill in the mail.
  • The new legislation is expected to lower the tax bill for middle-class families.
  • She was shocked by the size of her tax bill this year.

Advanced Usage

• "To foot the tax bill": To be the one who pays the tax obligation.
  • Ultimately, consumers will foot the tax bill through higher prices.

Variants and Related Words

• Tax assessment (n): The official process of determining the value of property for taxation purposes, which leads to the .
• Tax liability (n): The total amount of tax debt owed; the is the formal statement of this liability.
• Invoice (n): A commercial document requesting payment for goods or services; a is a specific type of invoice from the government.

Synonyms

• Tax invoice: A formal synonym.
• Tax statement: Emphasizes it as a document stating the amount due.
• Tax demand: Emphasizes the authoritative request for payment.

Related Phrases

• Tax relief: A reduction in the amount of a .
  • The government offered tax relief to businesses affected by the pandemic.

Học thuật

Noun

1. money owed for taxes