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Is It Tax Exempt?
by Staff
The rules governing tax exemption in the United States are numerous and diverse. It can be a fine line between legally reducing your tax burden and playing fast and loose with the law. Test your knowledge of exemptions in this quiz.

A gift of $12,000 to your daughter to buy a designer prom dress?

  • yes
  • no
  • maybe

A business for disposing of human remains?

  • yes
  • no
  • maybe

A trip to Egypt with your college alumni association?

  • yes
  • no
  • maybe

A rodeo?

  • yes
  • no
  • maybe

A Siamese cat appreciation society?

  • yes
  • no
  • maybe

An employment agency?

  • yes
  • no
  • maybe

The NFL?

  • yes
  • no
  • maybe

A Christian social club?

  • yes
  • no
  • maybe

A lobbying group?

  • yes
  • no
  • maybe

A prize you won in a raffle?

  • yes
  • no
  • maybe