Which of the Following Excise Taxes Are Imposed on Private

question 34

Multiple Choice

Which of the following excise taxes are imposed on private foundations?

• A) Tax on failure to distribute income.
• B) Tax on excess business holdings.
• C) Tax on excess charitable contributions.
• D) Only a. and b.
• E) a., b., and c.

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Definitions:

Fraction

A mathematical expression representing a part of a whole or a part of a group by using two numbers, the numerator over the denominator.

Equivalent Fractions

Fractions that represent the same part of a whole, even though they have different numerators and denominators.

Mixed Number

A number consisting of an integer and a proper fraction.

Improper Fraction

A fraction where the numerator is greater than or equal to the denominator, representing a value greater than or equal to one.