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Plus, Inc., is a § 501(c)(3) organization.It generates a small amount of net income each year.Ralph, the CEO of Plus, Inc., is concerned that Plus may be subject to the unrelated business income tax.Is there a materiality exception to this tax?
Great Britain
A landmass situated in the North Atlantic Ocean, near the northwest edge of mainland Europe, consisting of England, Scotland, and Wales.
Seventeenth Century
The century that spans from the year 1601 to 1700, a period marked by significant developments in science, art, and politics in Europe and around the world.
Slavery And Freedom
The contrasting concepts where slavery involves the condition of being owned by and forced to work for another, and freedom refers to the state of being free from such constraints or bondage.
Laws And Customs
The collective legal rules and cultural practices that govern behavior and establish societal norms within a community or country.
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