taxable

[tak-suh-buhl]
adjective
1.
capable of being taxed; subject to tax: a taxable gain.
noun
2.
Usually, taxables. persons, items of property, etc., that are subject to tax.

Origin:
1425–75; late Middle English; see tax, -able

taxability, taxableness, noun
taxably, adverb
nontaxability, noun
nontaxable, adjective, noun
nontaxableness, noun
nontaxably, adverb
untaxable, adjective
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World English Dictionary
taxable (ˈtæksəbəl)
 
adj
1.  capable of being taxed; able to bear tax
2.  subject to tax
 
n
3.  (US) (often plural) a person, income, property, etc, that is subject to tax
 
taxability
 
n
 
taxableness
 
n
 
taxably
 
adv

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
It generates income for local vendors, taxable revenues for the host
  government, and creates jobs.
Your estate taxes will be reduced because proceeds are removed from your
  potential gross taxable estate.
Please let me know if either of us has taxable income to report as a result of
  these transactions.
Their task is to tax persons and organizations and in the process expect full
  disclosure of taxable amounts.
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