Word: exempt
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...levy the corporation may have to pay. (The British also withhold at the source the minimum 50% personal income tax, but this is not a tax on business. Stockholders can deduct the full amount from their individual income-tax payments, can even claim a refund if they are tax-exempt...
...good-but what the figures did not point out was that the booming U.S. is now putting a much smaller percentage of its income into life insurance. Explanation: the almost tax-exempt lower-income groups who are the new rich of the war effort are not accustomed to putting their money into life insurance and are hard to interest...
Professional people-the dress model, the process server, the speakers' bureau, the tree surgeon etc.-can still charge what the traffic will bear, since they are exempt from the Price Control...
...compulsory athletic program was introduced by the University last spring in an effort to "toughen" students who would soon enter the armed forces. Seniors were exempt at first, but they have been included under the present...
Each Freshman as well as each upperclassman is required to get four athletic credits a week throughout the whole year. In past years, Freshmen were required to get three credits, while upper classmen were exempt...