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basic rate

noun

  1. the standard or lowest level on a scale of money payable, esp in taxation
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

But the basic rate to the East and Europe, fixing the all-rail rates, is the combined lake and rail.

These rates vary from about one-third to more than double the basic rate.

It would also permit the President to raise the basic rate from 20% to 25%.

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