define exemption - Search
  1. Dictionary

    ex·emp·tion
    [iɡˈzem(p)SHən, eɡˈzem(p)SHən]
    noun
    exemption (noun) · exemptions (plural noun) · personal exemption (noun) · personal exemptions (plural noun)
    1. the process of freeing or state of being free from an obligation or liability imposed on others:
      "exemption from prescription charges" · "regulatory exemptions"
      • the process of exempting a person from paying taxes on a specified amount of income for themselves and their dependents.
      • US ENGLISH
        an item or amount exempted:
        "a series of exemptions from the partnership tax rules"
    Origin
    late Middle English: from Old French, or from Latin exemptio(n-), from eximere ‘take out, free’.
    Translate exemption to
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    Similar and Opposite Words
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  2. People also ask
    What are some examples of exempt situations?An example of an exempt employee occurs when an individual who works in outside sales and goes out to meet the customers. However, it is not applicable for employees who work inside, such as the employees in call centers. Although, they may earn a commission, they are applicable for overtime pays.
    What is the difference between exempt and non-exempt?Exempt employee refers to types of employees who are set out in Fair Labor Standards Act (FLSA). When an employee is exempt, they are spared from receiving the overtime pay. They are not qualified for getting paid in minimum wages, and are different to non-exempt employees.
    What is the difference between exempt and excused?1. Freed from an obligation, duty, or liability to which others are subject; excused: persons exempt from jury duty; income exempt from taxation; a beauty somehow exempt from the aging process. 2. Not subject to certain federal workplace laws or protections, especially those requiring overtime compensation: exempt employees.
    What are the synonyms for the word 'exempt'?1. freed from or not subject to an obligation, liability, tax, etc; excused: exempt gilts; tax-exempt bonus. 1. to free from an obligation or liability to which others are subject; release: to exempt a student from an examination.
     
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