Which of the Following Is a Not a True Statement

question 20

Multiple Choice

Which of the following is a not a true statement about tax-exempt organizations?

• A) They must be organized to serve the charitable needs of the public at large.
• B) They must first become a not-for-profit corporation or charitable trust.
• C) They are permitted to do some political lobbying if guidelines are met.
• D) Their unrelated business income is taxed at corporate income tax rates.

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Definitions:

Economic Depression

A long-term, severe downturn in economic activity characterized by significant decline in GDP, high unemployment, and deflation.

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries or to generate revenue.

Slavery Extension

The expansion or broadening of slavery as an institution or practice to new territories or regions.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant geopolitical changes.