The phrase
"exempt amount" refers to money or a specific value that is not subject to a certain rule or law. It means that the stated amount is excluded or protected from being affected by that particular rule or law.
Full definition
Synonyms for individual words can be found below.
«exempt»
«amount»
Sentences with «exempt amount»
- Changes the earnings test for beneficiaries age 65 and over so that $ 1 in benefits will be withheld for each $ 3 of earnings above the annual exempt amount, beginning in 1990. (ssa.gov)
- Section 80C and Section 10 (10D) of the Income Tax Act exempts the amount of premiums paid and the amount of claim received respectively under this LIC term plan from the scope of tax (policybazaar.com)
- But because it doesn't exceed the estate tax exempted amount, no estate taxes will actually be paid. (ufcu.pfyfn.com)
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sentences)