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 these can be exempt from tax.

Question

Quizplus · Accepted Answer

Stock exchanges are not typically classified as exempt organizations. Exempt organizations generally include those that are charitable, educational, religious, or serve a similar purpose, which does not include the operations of a stock exchange.

Which of the Following Is Not an Example of an Exempt