A Nonprofit That Is a "501c)3)" Organization Does Not Have

question 13

True/False

A nonprofit that is a "501c)3)" organization does not have to pay taxes.

---

Definitions:

Services Provided

Tasks or activities done for others, typically in exchange for payment.

Dance Instruction

The act of teaching the art of dance, encompassing a wide range of styles and techniques taught by skilled instructors.

General Journal

A bookkeeping ledger that records every business transaction in chronological order.

Cash Payment

The transfer of money, either physically or electronically, to settle a debt or complete a purchase.