NONEXEMPT

nonexempt

(adjective) (of persons) not exempt from an obligation or liability

taxable, nonexempt

(adjective) (of goods or funds) subject to taxation; “taxable income”; “nonexempt property”

Source: WordNet® 3.1

Etymology

Adjective

nonexempt (not comparable)

Not exempt.

(legal) Subject to taxation; not within any category of income to which taxes are not applied.

Noun

nonexempt (plural nonexempts)

One who is not exempt.

Source: Wiktionary

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Word of the Day

21 September 2024

CONFORMITY

(noun) acting according to certain accepted standards; “their financial statements are in conformity with generally accepted accounting practices”

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