taxable Meaning, Definition & Usage

  1. adjective (of goods or funds) subject to taxation
    nonexempt.
    • taxable income
    • nonexempt property

WordNet

Tax"a*ble adjective
Definitions
  1. Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.
  2. (Law) That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs. -- Tax"a*ble*ness, n. -- Tax"a*bly, adv.

Webster 1913