What does XMPT stand for?

The VanEck CEF Muni Income ETF (XMPT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of S-Network Municipal Bond Closed-End Fund Index (CEFMXTR), which is intended to track the overall performance of the U.S.-listed closed-end funds that invest in U.S. dollar …

Is XMPT tax free?

XMPT is a “fund of closed-end funds” that provides broad exposure to municipal bonds that are exempt from US federal tax exposure through the lens of US-listed closed end funds (CEFs).

What does it mean when something is exempt?

1 : free or released from some liability or requirement to which others are subject was exempt from jury duty the estate was exempt from taxes. 2 obsolete : set apart. exempt. verb. exempted; exempting; exempts.

What does exempt mean in school?

Exempting a student means that the points for that assignment do not factor into the student’s overall grade and therefore do not positively or negatively impact the student’s grade.

Is exempt hourly or salary?

What is an exempt employee? Exempt positions are excluded from minimum wage, overtime regulations, and other rights and protections afforded nonexempt workers. Employers must pay a salary rather than an hourly wage for a position for it to be exempt.

What is the meaning of you are exempted from fee payment?

Fee Exemption means you do not have to pay the fees or you are not bound to your fees. Fees exception if applied to you it means that you dont have to pay the fees for your institution from where it is applied.

What qualifies for exempt status?

In order to qualify as an exempt employee in California in 2021, an employee working for a company with 26 or more employees must earn $1,120 per week, or $58,240 annually; an employee working for a company with fewer than 26 employees must earn $1,040 per week, or $54,080 annually, exclusive of board, lodging, and …

What makes a position exempt?

Exempt or Nonexempt. Most employees covered by the FLSA are nonexempt. Some are not. Some jobs are classified as exempt by definition. With few exceptions, to be exempt an employee must (a) be paid at least $23,600 per year ($455 per week), and (b) be paid on a salary basis, and also (c) perform exempt job duties.

Who are exempted fees?

What does specifically exempted mean?

The adjective exempt traces back to the Latin word exemptus, meaning “to remove or take out” or “to free”. So if you are exempt, you are free of an obligation that others have to fulfill, such as paying taxes.

How do you know if its exempt or nonexempt?

An exempt employee is not entitled overtime pay by the Fair Labor Standards Act (FLSA). These “salaried” employees receive the same amount of pay per pay period, even if they put in overtime hours. A nonexempt employee is eligible to be paid overtime for work in excess of 40 hours per week, per federal guidelines.

How do you know if you are exempt or nonexempt?

Nonexempt employees are often referred to as hourly employees and may be entitled to recover back pay, liquidated damages, and their legal fees if they have not been paid what they are entitled to under FLSA regulations. An exempt employee does not enjoy the protection of the FLSA.