Identify the statutory authority under which each of the following is exempt from Federal income tax. a.

Question:

Identify the statutory authority under which each of the following is exempt from Federal income tax.
a. Kingsmill Country Club.
b. Shady Lawn Cemetery.
c. Peach Credit Union.
d. Veterans of Foreign Wars.
e. Boy Scouts of America.
f. United Fund.
g. Federal Deposit Insurance Corporation.
h. Bruton Parish Episcopal Church.
i. PTA.
j. National Press Club.
k. Brown University (a private university).