Aaron, Inc

question 33

Multiple Choice

Aaron, Inc. is a nonprofit corporation that collects and distributes food for needy families. Aaron, Inc. also operates a small grocery store for profit. Which of the following statements is true?

• A) The income from the collection and distribution of food and the income from grocery store are taxable.
• B) No income from either of the activities is taxable.
• C) Only the income from the collection and distribution of food is taxable.
• D) Only the income from the grocery store is taxable.

---

Definitions:

Age Discrimination

Prejudice or discrimination against individuals on the basis of their age, typically targeting older people.

Employment Act

Legislation that governs the conditions of work, including employment terms, rights, and obligations.

Forty Years

A period of time equal to four decades.

Punitive Damages

Monetary compensation awarded to an injured party that exceeds simple compensation and is intended to punish the wrongdoer.