For Each of the Following Taxes That Are Imposed on Private

question 93

Multiple Choice

For each of the following taxes that are imposed on private foundations and/or foundation managers, match the appropriate initial tax or additional tax.
-Tax on self-dealing

• A)10% initial tax and 25% additional tax on private foundation.
• B)30% initial tax and 100% additional tax on private foundation.
• C)10% initial tax and 200% additional tax on private foundation.
• D)10% initial tax and 100% additional tax on disqualified person.
• E)10% initial tax and 200% additional tax on the disqualified person.

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Definitions:

Panic Disorder

A mental health condition characterized by sudden and repeated episodes of intense fear accompanied by physical symptoms.

Unpredictable

Lacking consistency or predictability in actions, events, or changes, often leading to uncertainty and surprise.

Terrified

To be in a state of extreme fear.

Faint

A sudden and brief loss of consciousness, often due to a decrease in blood flow to the brain.