Definitions for "Exemptions"
Exemptions are used to protect real and personal property of a debtor from being seized and sold by either a creditor or the bankruptcy trustee to be liquidated to pay debts. Determination of what exemptions are available will vary from state to state.
All property is subject to taxation, unless specifically exempted under state law. Exemptions exist for nonprofit organizations, senior citizens, heads of household (personal property only), historical property and the remodel exemption.
Property that may be kept by you and not included in the estate for sale. Exemptions are contained in both state and federal law and you will have to choose whether you use the federal or state exemptions. Exemptions include equity in your home, car, and other personal items. Dollar figures that can be claimed for each item vary by state and federal law as does the total in exemptions that can be claimed.
Deductions from adjusted gross income based on the number of persons supported by the taxpayer's income.
Amount that taxpayers can claim for themselves, their spouses, and eligible dependents. There are two types of exemptions-personal and dependency. Each exemption reduces the income subject to tax. The exemption amount is a set amount that changes from year to year.
an allowance for each person dependent on the taxpayer's income
The specific reasons for exempting certain records or information from public disclosure. Conditional exemptions are those that require the records custodian to weigh the public's right to know against an individual's privacy rights. Unconditional exemptions derive from specific statutory instructions that forbid the records custodian to release or disclose specific records or information to the public.
An exemption is a decision made by a member of the academic staff that you may not take a particular unit at Macquarie University because you have studied and passed a similar unit at another institution. These exemptions are determined on the basis of overlap of content, and only apply to students who have been granted credit from previous studies. The number of credit points from which a student is exempted is related to the amount of credit for previous studies given. You will be advised of the areas in which exemptions may apply at the same time as credit is notified. If you are exempt from a unit, which is a prerequisite for another unit, you are considered to have satisfied that prerequisite. (See also Credit for Previous Studies)
Keywords:  flsa, narrowly, overtime, wage, minimum
Some employees are exempt from the overtime pay provisions or both the minimum wage and overtime pay provisions.  Exemptions are generally narrowly defined under the FLSA.  See Exemptions for more detail.
Some gifts are exempt from inheritance tax because the gifts are covered by exemptions. See exempt gifts for details of the exemptions from inheritance tax which may apply.
Exemptions provide tax relief by reducing a property’s taxable assessed value, that is, the base amount to which the tax rate is applied. A property may be fully or partially exempt. (See also Abatements)
Exemptions are supplies, services or circumstances that are exempt from the tendering process.
Keywords:  aspect, important, project
an important aspect of a project