federal tax Meaning in Cambridge Business English Dictionary
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Meaning of "federal tax" - Business English Dictionary

federal tax

noun [C or U]
 
 
GOVERNMENT, TAX
in the US, a tax that you pay to the national government, rather than to a state government: Earnings may be exempt from federal taxes if used to pay for college.
→  Compare state tax
(Definition of federal tax from the Cambridge Business English Dictionary © Cambridge University Press)
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