Related Words

Progressive Tax System: A tax system providing that the average tax rate increases for some increases in income, but never decreases with an increase in income.

Russian Trading System (RTS): An electronic system in Russia, like the Nasdaq system on which the majority of Russian equities trading is conducted.

Sales Tax: A sales tax is a tax imposed by state and local governments on transactions that occur within their jurisdictions. The taxing authority determines which transactions are subject to tax and t . . . View Full Definition

Root-Leaf-Vascular System Axis: Refers to the arrangement in vascular plants in which the roots anchor the plant and absorb water and nutrients, the leaves carry out photosynthesis, and the vascular system connects the roo . . . View Full Definition

Root System: Plant organ systems that anchors the plant in place, stores excess sugars, and absorbs water and mineral nutrients. That part of the plant below ground level.

Room Tax: State or local tax imposed on hotel room charges.

Sales Tax Payable: Money collected from customers for sales taxes, that must be remitted to local governments and other taxing authorities.

Secam (Systeme Electronique Couleur Avec Memoire): A signal format used in video equipment in France and the former Soviet Union. It is incompatible with PAL and NTSC formats.

Septic System: A system for collecting, treating and eliminating waste from a home waste drainage system.

Separate Tax Returns: Tax returns of married persons who choose to file their returns individually, usually because this approach produces lower overall tax payments.