For Each of the Following Taxes That Are Imposed on Private

question 112

Multiple Choice

For each of the following taxes that are imposed on private foundations and/or foundation managers, match the appropriate initial tax or additional tax.
-Tax on excess business holdings

• A)10% initial tax and 25% additional tax on private foundation.
• B)30% initial tax and 100% additional tax on private foundation.
• C)10% initial tax and 200% additional tax on private foundation.
• D)10% initial tax and 100% additional tax on disqualified person.
• E)10% initial tax and 200% additional tax on the disqualified person.

---

Definitions:

Depression

An emotional health issue identified by a continuous feeling of melancholy or a decrease in passion for activities, which greatly hinders day-to-day operations.

Mania

A mental health condition marked by an overly high mood, energy, and activity levels, often found in bipolar disorder.

Bipolar Disorder

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).

Psychological Disorder

A mental disorder characterized by patterns of thought, emotion, or behavior that are distressing, harmful, or deviant from societal norms.