Pretax: meaning, definitions and examples

๐Ÿ’ฐ
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pretax

 

[ priหหˆtรฆks ]

Adjective
Context #1 | Adjective

financial context

The term 'pretax' refers to an amount of money or income that has not yet been subjected to taxation. It is often used in financial contexts to denote income, earnings, or contributions made before taxes are deducted. For example, a pretax salary is the total earnings of an individual before any taxes are taken out. This concept is important for individuals and businesses when calculating net income or for tax planning purposes.

Synonyms

before tax, pre-tax, tax-exempt

Examples of usage

  • I prefer to save my pretax income into a retirement account.
  • The company's pretax profits were higher than expected.
  • Employees can contribute to a pretax health plan, reducing their taxable income.

Translations

Translations of the word "pretax" in other languages:

๐Ÿ‡ต๐Ÿ‡น antes dos impostos

๐Ÿ‡ฎ๐Ÿ‡ณ เค•เคฐเฅ‹เค‚ เคธเฅ‡ เคชเคนเคฒเฅ‡

๐Ÿ‡ฉ๐Ÿ‡ช vor Steuern

๐Ÿ‡ฎ๐Ÿ‡ฉ sebelum pajak

๐Ÿ‡บ๐Ÿ‡ฆ ะดะพ ะพะฟะพะดะฐั‚ะบัƒะฒะฐะฝะฝั

๐Ÿ‡ต๐Ÿ‡ฑ przed opodatkowaniem

๐Ÿ‡ฏ๐Ÿ‡ต ็จŽๅ‰

๐Ÿ‡ซ๐Ÿ‡ท avant impรดts

๐Ÿ‡ช๐Ÿ‡ธ antes de impuestos

๐Ÿ‡น๐Ÿ‡ท vergilerden รถnce

๐Ÿ‡ฐ๐Ÿ‡ท ์„ธ๊ธˆ ์ „

๐Ÿ‡ธ๐Ÿ‡ฆ ู‚ุจู„ ุงู„ุถุฑุงุฆุจ

๐Ÿ‡จ๐Ÿ‡ฟ pล™ed zdanฤ›nรญm

๐Ÿ‡ธ๐Ÿ‡ฐ pred zdanenรญm

๐Ÿ‡จ๐Ÿ‡ณ ็จŽๅ‰

๐Ÿ‡ธ๐Ÿ‡ฎ pred obdavฤenjem

๐Ÿ‡ฎ๐Ÿ‡ธ fyrir skatta

๐Ÿ‡ฐ๐Ÿ‡ฟ ัะฐะปั‹า›ั‚ะฐะฝ ะฑาฑั€ั‹ะฝ

๐Ÿ‡ฌ๐Ÿ‡ช แƒ’แƒแƒ“แƒแƒกแƒแƒฎแƒแƒ“แƒ”แƒ‘แƒ˜แƒ“แƒแƒœ แƒแƒ“แƒ แƒ”

๐Ÿ‡ฆ๐Ÿ‡ฟ vergi olmadan ษ™vvษ™l

๐Ÿ‡ฒ๐Ÿ‡ฝ antes de impuestos

Etymology

The word 'pretax' is formed by the prefix 'pre-' which originates from Latin meaning 'before', and 'tax', which comes from the Latin 'taxare' meaning 'to assess'. The amalgamation of these terms created 'pretax', indicating a financial term that is associated with amounts before they are taxed. The concept has gained prominence in finance and accounting, especially in discussions of income, investments, and retirement savings, as understanding pretax advantages can significantly affect an individual's or company's fiscal strategy. As tax policies evolved, the use of pretax in financial literacy has become increasingly important, prompting discussions on pretax contributions and deductions.

Word Frequency Rank

At rank #27,719, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.