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Vocabulary --> Financing and Budgeting --> Taxes --> Word to learn


 

verb

calculate

The young man tries to calculate his expenses every month.

noun

calculation

The calculation is no more difficult than high school math.

noun

calculator

In order to avoid making addition and subtraction errors, I suggest you use a calculator.

 

verb

file

Don't wait until the last minute to file your taxes.

noun

file

I keep all my tax information in one file.

 

adjective

joint

My husband and I filed a joint tax return.

adverb

jointly

Even though you are separated right now, you will save money if you and your wife file your taxes jointly.

 

verb

penalize

The government will penalize taxpayers who try to evade paying their fair share of taxes.

noun

penalty

For every dollar you owe in overdue taxes, a 10 percent penalty is imposed.

adjective

penal

Tax evasion is a penal offense.

 

verb

prepare

Most people wait until the last minute to prepare their tax returns.

noun

preparation

If you are organized, income tax preparation takes only a few hours.

adjective

preparatory

The preparatory work for doing my taxes is more time-consuming than filling out the forms.

 

verb

refund

The government should refund your overpaid taxes within a few weeks of filing your tax return.

noun

refund

If you have overpaid your income taxes, you will get a refund at the end of the year.

adjective

refundable

Sales tax that tourists pay in a foreign country may be refundable when they leave the country.

 

 
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