Give an Example of the Indicated Types of Exempt Organizations

question 7

Multiple Choice

Give an example of the indicated types of exempt organizations.
-§ 501(c) (3) organization

• A)League of Women Voters.
• B)Teachers’ association.
• C)American Plywood Association.
• D)Six Flags over Texas theme park.
• E)Salvation Army.

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Definitions:

Line Graph

A type of chart used to visualize data that changes over time, with points connected by straight line segments.

Insurance Company

A business entity that provides risk management by offering policyholders compensation for specific losses in exchange for premiums.

Homeowners

Individuals who own the homes in which they live, holding either a mortgage or clear title to the property.

Claims

Assertions or requests for payment as compensation for a loss or damage covered under an insurance policy.