BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Means free from withholding of federal income tax.
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user tax
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taxation
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qualified
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exempt
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Explanation:
Detailed explanation-1: -Conditions for exemption: Senior Citizen should be of age 75 years or above. Senior Citizen should be ‘Resident’ in the previous year. Senior Citizen has pension income and interest income only & interest income accrued / earned from the same specified bank in which he is receiving his pension.
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