Match the Following Statements

question 136

Short Answer

Match the following statements.
a.Exempt from tax on unrelated business.b.Inappropriate definition.c.Exempt organization may be subject to the tax on unrelated business income.d.Annual information return of an exempt organization that is required to file a return and which is not a private foundation.e.Appropriate definition.f.Annual information return of a private foundation.
-Debt-financed income is the net income from debt financed property.

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Definitions:

Economic Profit

The profit a business makes after deducting both its explicit and implicit costs, including opportunity costs.

Normal Rate of Return

The standard profit or return that is anticipated on an investment, considering the levels of risk and market conditions.

Computer Software Industry

The sector involved in the development, maintenance, and publication of software that offers different types of services or functions for computer users.

Computer Industry

Refers to the business sector involved in the development, manufacturing, and sale of computers, computer components, and software.