FDA Approves Epigenomics' Blood-Based Colorectal Cancer Screening Test. NEW YORK (GenomeWeb) â Epigenomics announced today that the US Food and Drug Administration has approved the company's blood-based colorectal cancer screening test Epi proColon.
Tax definition, a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. See more.
DEFINITION of 'Income Tax'. A tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund.Income tax is a key source of funds that the government uses to fund its activities and serve the public.Next Up. tax that governments impose on financial income generated by all entities within their jurisdiction.