Question

Which of the following is not an example of an exempt organization? Group of answer choices Religious, charitable, or educational organization. Voluntary employees’ beneficiary association. Labor, agricultural, or horticultural organization. Stock exchange. All of the above can be exempt from tax.

Answer 1

Stock exchange

Step-by-step explanation:

Exempt organization refers to types of organization that is not required to pay Taxes if they receive some sort of income. In general, this type of organizations tend to be non-profit and established to support a certain cause.

Stock Exchange is not considered as an exempt organization since people who put their money in this place have the full intention to obtain profit from their investment.