A § 501(c)(3) Organization That Otherwise Would Be Classified as a Private

question 25

Multiple Choice

A § 501(c) (3) organization that otherwise would be classified as a private foundation can avoid such classification if it satisfies:

• A)Only an external support test.
• B)Only an internal support test.
• C)Both an external support test and an internal support test.
• D)An external support test, an internal support test, and a good faith test.
• E)None of the above.

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Definitions:

Emissions Tax

A tax imposed on the emission of pollutants, aimed at reducing environmental harm.

Optimal Tax

A tax system designed to achieve the best balance between efficiency and equity.

Marginal Social Benefit

The supplementary gain for society derived from the consumption of one extra unit of a good or service.

Marginal Social Cost

The cost to society of producing an additional unit of a good or service, including both private costs and any externalities.