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.
The total amount of taxes paid by an individual or business divided by taxable income. This rate will vary based on the amount of income received during the taxable period. For example, if Steve paid $3,000 in taxes on income of $25,000, his average tax rate would be 12%. Formula: Paid taxes/taxable income = average tax rate. Use average tax rate in a sentence.