TAXABLE

taxable, nonexempt

(adjective) (of goods or funds) subject to taxation; “taxable income”; “nonexempt property”

Source: WordNet® 3.1

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Etymology

Adjective

taxable (not comparable)

subject to taxation.

Noun

taxable (plural taxables)

Something on which tax must be paid.

Source: Wiktionary

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Tax"a*ble, a.

1. Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.

2. (Law)

Definition: That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs.

– Tax"a*ble*ness, n.

– Tax"a*bly, adv.

Source: Webster’s Unabridged Dictionary 1913 Edition

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