### Question
How does GENERAL RULE define compensation?


### Answer
Under *26 U.S.C. § 505*, **compensation** is defined as:

> given such term by section 414(s).

#### Citation:
  - *26 U.S.C. § 505*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter F-Exempt Organizations > PART I-GENERAL RULE**

