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An eligible § 501(c)(3) organization has made the § 501(h) election to participate in lobbying on a limited basis.If the ceiling on lobbying established in § 501(h) (lobbying nontaxable amount) is exceeded, what are the potential tax consequences to the exempt organization?
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the owners' share.
Expenses
are the costs incurred in the operation of a business or the execution of a project, including money spent on goods, services, and other necessary items.
Return on Equity
A financial ratio measuring the profitability of a company expressed as a percentage of equity, indicating how effectively a company uses its equity investments to generate profits.
Total Assets
The sum of all assets owned by a company, including both current and fixed assets, giving an overview of the company's financial health.
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