Which of the Following Characteristics of Not-For-Profit Organizations (NFPs)can Be

question 33

Multiple Choice

Which of the following characteristics of not-for-profit organizations (NFPs) can be used to distinguish a nongovernmental from a governmental NFP?

• A) Contributions by resource providers who do not expect a return on investment.
• B) Ability to impose taxes on citizens.
• C) Absence of ownership interests.
• D) All of the above characteristics are generally different for nongovernmental versus governmental NFPs.

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Definitions:

Form 1040

The official form provided by the Internal Revenue Service (IRS) that people use to submit their yearly income tax returns.

Wage Bracket Method

A technique used by employers to determine the amount of federal income tax to withhold from employees' paychecks based on their earnings and filing status.

Withholding Allowances

Allowances claimed on employment forms determining the amount of federal income tax withheld from a paycheck.

Federal Withholding

The portion of an employee's wages that is withheld by the employer for the purpose of paying federal income taxes.