Submitted by admin on Fri, 04/18/2014 - 11:28
definition:
Impose a tax on (someone or something)
sentence:
Profits from unincorporated businesses are taxed at 15 percent.
This can represent a significant tax saving, compared with an ordinary share option scheme where the option is generally exempt, but the gain is taxed at income tax rates.
difficulty:
easy
toefl frequency:
2
toefl classification: