The Excise Tax That Is Imposed on Private Foundations for Making

question 95

True/False

The excise tax that is imposed on private foundations for making jeopardizing investments is imposed because the foundation has made speculative investments that put the foundation's income at risk.

---

Definitions:

External Electronic Devices

Devices that connect to a computer system from outside, such as printers, mice, or external hard drives.

Internal

Pertaining to or situated within the confines of an organization, system, or device, often indicating processes or operations not exposed to the external environment.

Permanent

A characteristic of something that is intended to last or continue indefinitely, without change or cessation.

Internet Service Provider

A company that offers users access to the Internet, often also providing related services such as web hosting and email.