(redirected from exempt)

EXEMPTS. Persons who are not bound by law, but excused from the performance of duties imposed upon others.
     2. By the Act of Congress of May 8, 1792, 1 Story, L. U. S. 252, it is provided, Sec. 2. That the vice-president of the United States the officers, judicial and executive, of the government of the United States; the members of both houses of congress, and their respective officers; all custom-house officers, with their clerks; all post officers, and stage drivers, who are employed in the care and conveyance of the mail of the post office of the United States; all ferrymen employed at any ferry on the post road; all inspectors of exports; all pilots; all mariners, actually employed in the sea service of any citizen or merchant within the United States; and all persons who now are, or may hereafter be, exempted by the laws of the respective states, Shall be, and are hereby, exempted from militia duty, notwithstanding their being above the age of eighteen, and under the age of forty-five years.

References in periodicals archive ?
While employers sometimes use the terms "salaried" and "exempt" interchangeably, not all employees who are paid a salary are exempt.
Because--unlike a for-profit C corporation--a tax-exempt organization does not have stock, additional paid-in capital, etc., on which a franchise tax is typically based, states that do not otherwise exempt tax-exempt organizations from franchise tax generally impose only the minimum tax.
Alaska and Delaware have passed laws permitting personal trusts to be established, which will be exempt from creditors, and they are being used.
Answer: As for whether you may pay an exempt employee a bonus, Oregon regulations expressly provide that employers may pay extra compensation - in addition to the salary paid - to exempt employees without effecting exempt status.
Where a bank or insurance company supplies an exempt service (e.g., credit), it cannot fully recover the VAT on the cost of its supplies.
The "Tax Exempt Equivalents" tables in Appendix G show the relationship between taxable and tax-free income for individuals in various tax brackets.
The salary level for exempt employees has been raised to $455, compared to $155 under the old rules.
Exempt-only joint ventures involve the assets or services of two or more exempt organizations.
You could run into a hard-nosed examiner who could hold that reporters are not exempt, especially in cases that involve a lot of 10:00 p.m.
Clerks, secretaries and bookkeepers are typically not working at high-enough levels to be considered exempt administrative employees--even if they are paid on a salary basis.
The Federal Court of Appeals ruled in principle that the authorities cannot revoke tax exempt status on donations to organizations that operate in the territories.
Depository institutions with total reservable liabilities equal to or less than the exemption level of $5.5 million are not subject to detailed deposit reporting and are called exempt depository institutions.