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tax liability

   Also found in: Financial 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.tax liability - the amount of tax owed; calculated by applying the tax rate to the tax base
liabilities - anything that is owed to someone else


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This new online calculator will help citizens and entrepreneurs to calculate their property tax liability by entering the required data such as the total area of their property, its location, etc.
109, Accounting for Income Taxes, is the recognition of deferred tax liabilities for the estimated future tax liability of events recorded in a company's financial statements or tax returns (FAS 109, ~6; Accounting Standards Codification (ASC) ~740-10-10-1 (note that the Financial Accounting Standards have been codifed by FASB; FAS 109 has mostly been codified in ASC topic 740)).
They are several sources of net earnings that are used when figuring your self-employment tax liability.
 
 
 
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