Unit 14: Vocabulary

Please study the 17 vocabulary terms below. Then press the Mark Complete button to continue.
US
UK
applicable
relating to, or having to do with
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UK
VAT is not applicable on education or training services.
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UK
bracket
a set group with fixed upper and lower limits
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UK
As he earns over $400,000 a year, he is in the highest tax bracket and pays 39.6% income tax rate.
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UK
burden
a large amount of money that you owe, or the responsibility to pay this money
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UK
Although he hired a tax specialist, his total tax burden couldn't be reduced.

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