Income that is not subject to tax is called

Name: Income that is not subject to tax is called
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Question

Quizplus · Accepted Answer

Tax-exempt income refers to income that is not subject to federal income tax or state income tax, and is often associated with certain types of investments or specific circumstances, such as interest from municipal bonds or income earned by religious organizations. The other options either refer to income that is subject to tax or to specific types of income that may be deductible or taxed in a different way.

Income That Is Not Subject to Tax Is Called