Which of the following is not an example of an exempt organization?
A) Religious, charitable, or educational organization.
B) Voluntary employees' beneficiary association.
C) Labor, agricultural, or horticultural organization.
D) Stock exchange.
E) All of the above can be exempt from tax.

Question

Quizplus · Accepted Answer

Nonprofit organizations such as religious, charitable, and educational organizations, as well as certain labor, agricultural, or horticultural organizations, may be considered exempt from taxes. However, a stock exchange is a for-profit entity and would not be eligible for tax exemption as an exempt organization.

Which of the Following Is Not an Example of an Exempt