tax

/tæks/noun

Money that people and businesses must pay to a government to fund public services.

Example sentence

“The new law raises the tax on cigarettes.”

Usually specified: income tax, sales tax, property tax. The verb also means to strain: 'the climb taxed her strength'.

Related words

profitThe money left over after all costs have been paid.feeA payment required in return for a service or privilege.valueThe worth of something; the quality that makes it useful or desirable.returnTo go back or come back to a place or person.quantityAn amount or number of something.exchangeThe act of giving one thing and receiving another in return; a trade.