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Math Definitions - Letter T


Tax

Definition of Tax

 

Definition of Tax


Tax is money you pay to the government.


There are many different types of tax. Income tax is based on your salary or wage. Goods and Services Tax (GST) is a tax you pay on many goods and services that you purchase.

For example, Jasmin bought a book for \(\$14.99\). Included in the price of her book was a payment of \($1.36\) to the government for goods and services tax.

Description

The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.



Audience

Year 1 to Year 12 students

Learning Objectives

Learn common math terms starting with letter T

Author: Subject Coach
Added on: 14th Jan 2018

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