PRE-TAX
\pɹˈiːtˈaks], \pɹˈiːtˈaks], \p_ɹ_ˈiː_t_ˈa_k_s]\
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The total amount that is paid that is not inclusive of the various taxes. Such taxes are existent in all types of transactions. For example, wages, plans, investments are inclusive of pre-tax. The consumption of a good or service is largely dependent on pre-tax.
By Henry Campbell Black
Word of the day
SQ10,643
- A serotonin antagonist with limited antihistaminic, anticholinergic, and immunosuppressive activity.