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
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.