federal income tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “federal income tax” in the English Dictionary

"federal income tax" in Business English

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federal income taxnoun [C or U]

uk   us   GOVERNMENT, TAX
a tax on workers' salaries or companies' profits that is paid to the US government: Some investment funds are exempt from federal income tax.
(Definition of federal income tax from the Cambridge Business English Dictionary © Cambridge University Press)
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