By:Illiana Devasthali


A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.


A deduction from the usual cost of something, typically given for prompt or advance payment or to a special category of buyers.

Mark ups

Markup (mark up or mark-up) refers to the process by which a U.S. congressional committee or state legislative session debates, amends, and rewrites proposed ...


  • If there is a tax on your bill, you should technically calculate the tip based on the pretax amount, since the service you received has nothing to do with the tax. But since the difference between a tip on the total (including tax) or the pretax amount is not significant, it's not a recommended squabbling point.If your order costs $30, and the tax is 8%, the total is $32.40. A 15% tip on your order, before tax, is $4.50. The same tip on the grand total is $4.86. That's only a difference of 36¢. Even with an order of $1,000, the equivalent difference is still only $12!


Give an order for or authorize the production of (something such as a building, piece of equipment, or work of art).