Definition of taxable adjective from the Oxford Advanced Learner's Dictionary

 

taxable

 adjective
adjective
BrE BrE//ˈtæksəbl//
 
; NAmE NAmE//ˈtæksəbl//
 
 
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(of money) that you have to pay tax on taxable income Where payments exceed these limits they become fully taxable.
See the Oxford Advanced American Dictionary entry: taxable