Tax Base

[seiko.khan]

Hello All!

I was doing this tax question from my text book and I came across this problem where they asked us to explain "TAX BASE".

I have no idea, what tax base is..

Annexed to that, does it have something to do with "Assessable Income"?

If Assessable Income and Tax Base are two different things then what is their difference??

Any help in this regard would be really appreciated..

Cheers and stay safe.

Seiko Khan