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How are IT positions classified as exempt or non exempt?
IT people come under 'Exempt' Category.
Under what circumstances is a bond exempt from all taxes?
If the municipal bond is issued by the jurisdiction in which the bondholder resides, the interest is tax-exempt from both the federal government and the state government. If there is a local income tax, the interest is tax-exempt at this level, too.
Can a child care provider be tax exempt?
Yes, a child care provider can be tax-exempt if they qualify under specific conditions, such as being a nonprofit organization providing child care services. To be considered tax-exempt, the provider must meet the requirements set by the IRS, typically under Section 501(c)(3) for charitable organizations. However, for-profit child care providers generally do not qualify for tax exemption. It is advisable for providers to consult a tax professional to understand their eligibility and the necessary steps to apply for tax-exempt status.
Are a Tax ein number and a tax exempt number the samething?
NO - a tax EIN number is an Employer Identification Number. This is like a Social Security Number of sorts for a business. If a business is Incoporated and/or has employees this number identifies the business as such and is the number the payroll taxes are filed under. It has nothing to do with the tax exempt status.
What is an exempt staff employee?
An exempt staff employee is a worker who is not entitled to overtime pay under the Fair Labor Standards Act (FLSA) due to their job duties and salary level. Typically, exempt employees are in professional, administrative, or executive roles, and they are paid on a salary basis rather than hourly. This classification means they are expected to fulfill their job responsibilities without additional compensation for hours worked beyond the standard workweek.
How are IT positions classified as exempt or non exempt?
IT people come under 'Exempt' Category.
What are Exempt income under income from other sources?
Exempt interest and exempt dividends from qualified municipal bonds.
Are laptop computers tax free during tax free weekend?
Not in Virginia but but computers and supplies under 250 are tax free I North Carolina. I'm not sure about other states.
Are school districts tax exempt under 501(c)(3)?
No, school districts are not tax exempt under 501(c)(3). They are considered government entities and are exempt from federal income tax under a different provision of the tax code.
Are you exempt if you have children under the age of 10?
no
Are public schools tax exempt under 501(c)(3)?
No, public schools are not tax exempt under 501(c)(3) because they are considered government entities and are not required to apply for tax-exempt status.
Is the state of va exempt from lawsuits?
No, the state of Virginia is not completely exempt from lawsuits. While states generally have sovereign immunity, which protects them from being sued without their consent, Virginia has enacted laws that allow for certain types of lawsuits against the state. For example, the Virginia Tort Claims Act permits individuals to sue the state for specific torts under limited circumstances. However, there are still many protections and limitations in place regarding lawsuits against the state.
Are public schools tax exempt under section 501(c)(3)?
No, public schools are not tax exempt under section 501(c)(3) because they are considered government entities and are not required to apply for tax-exempt status.
Under which section is dividend income exempt according to Income Tax Act 1961?
Under section 10(34) dividend form a domestic company OS exempt.
Interest on ppf is exempt under which section?
10(11)
Are Muslims exempt from paying for insurance under Obama's plan?
No.
When may you be exempt from using marine charts and nautical publications?
under what conditions may you be exempt from using marine charts and nautical publications
