Which of the Following Is Not a Benefit of Internal

question 62

Multiple Choice

Which of the following is not a benefit of Internal Revenue Code Section 501(c) (3) status?

• A) Exemption from paying federal taxes on most income.
• B) Likely exemption from paying state taxes on most income.
• C) Charitable donations to 501(c)(3) entities can reduce the donor's taxable income.
• D) Can engage in political election campaign activity.
• E) Can participate in lobbying.
• ESSAY. Write your answer in the space provided or on a separate sheet of paper.
• 42) Give several examples, by name, of specific not-for-profit entities that are voluntary health and welfare entities.

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Definitions:

Adjustment

The process of modifying or altering something to achieve a desired fit, appearance, or outcome.

Product Service

A combination of tangible goods and intangible services provided to fulfill the needs or desires of customers.

Solve Problems

The process of finding solutions to difficult or complex issues.

Unsolicited Sales Message

A communication or promotion sent to potential customers without their prior request or consent.