Which of the Following Is True About 527s

question 236

Multiple Choice

Which of the following is true about 527s?

• A) They are named what they are because of where they are defined in the tax code.
• B) They are named what they are because there are 527 of these groups.
• C) They have had little influence in recent political campaigns.
• D) They are banned from receiving soft money contributions.
• E) All of the above are true

---

Definitions:

Equivalent

An item that holds the same worth, purpose, or significance as another within a given context.

Pay

The total money received by an employee from an employer as compensation for employment, including all bonuses and allowances.

Purchasing Power

The capability of a currency to buy goods or services, expressed as the quantity one unit can acquire.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power.