What term identifies organizations that do not have to pay federal income taxes?
A) public
B) private
C) tax-exempt
D) income-exempt

Name: What term identifies organizations that do not have to pay federal income taxes? A) public B) private C) tax-exempt D) income-exempt
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Question

Quizplus · Accepted Answer

Tax-exempt organizations are those that do not have to pay federal income taxes. Public and private can both refer to types of organizations, but do not necessarily indicate tax status. Income-exempt is not a commonly used term.

What Term Identifies Organizations That Do Not Have to Pay