For an Exempt Organization to Be Subject to the Unrelated

question 91

True/False

For an exempt organization to be subject to the unrelated business income tax, the trade or business must not be substantially related to the exempt purpose of the organization.

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Definitions:

Twin Countershaft Transmission

A type of manual transmission found in heavy-duty vehicles that uses two parallel shafts to manage gear ratios.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, age, or obsolescence.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the short-term liquidity position.