Why Are Some Organizations Exempt from Federal Income Tax

question 75

Essay

Why are some organizations exempt from Federal income tax?

---

Definitions:

Ethical Standards

Ethical Standards are the principles that dictate the conduct considered acceptable in a profession or social group, guiding behavior towards honesty, fairness, and integrity.

American Psychological Association

A professional organization representing psychology in the United States, aiming to advance psychology as a science, a profession, and a means of promoting health and human welfare.

Longitudinal Study

A research design that follows the same subjects over a period of time, often years, to observe changes and developments.

Developmental Psychologist

A professional in psychology who studies the growth and maturation of the human mind and behavior over a person's lifetime.