This is the 13865th most frequent Russian word.
облагаемая
"Облагаемая" means "taxable" in English.
Here, 'облагаемая' is used as an adjective to describe the amount of income that is subject to taxation.
Облагаемая сумма дохода определяется налоговым кодексом.
The taxable amount of income is determined by the tax code.
In this sentence, 'облагаемых' is an adjective modifying 'товаров', indicating that the goods are subject to tax.
Продажа облагаемых товаров требует соблюдения налогового законодательства.
Selling taxable goods requires compliance with tax legislation.
The word 'облагаемая' describes 'часть', showing that a portion of the profit is taxable.