Which of the Following Conditions Would Exempt Income-Producing Activities from the Unrelated

question 116

Multiple Choice

Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax (UBIT) ?

• A) Majority of labor is performed by paid employees.
• B) The business is carried on regularly.
• C) It is operated for a profit.
• D) Merchandise is donated.

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