For Each of the Following Taxes That Are Imposed on Private

question 93

Multiple Choice

For each of the following taxes that are imposed on private foundations and/or foundation managers, match the appropriate initial tax or additional tax.
-Tax on self-dealing

• A)10% initial tax and 25% additional tax on private foundation.
• B)30% initial tax and 100% additional tax on private foundation.
• C)10% initial tax and 200% additional tax on private foundation.
• D)10% initial tax and 100% additional tax on disqualified person.
• E)10% initial tax and 200% additional tax on the disqualified person.

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Definitions:

Exemplar Theory

A psychological theory suggesting that people make judgments about objects or concepts based on comparisons with instances of those categories that they have encountered in the past.

Prototype Theory

is a model of categorization in cognitive science, where members of a category are assessed by their resemblance to a typical member or prototype of that category.

Schema Theory

A theory of attention that claims unattended information is never perceived.

Knowledge-based Theory

A theory suggesting that organizations rely on their knowledge and expertise to create competitive advantage and innovate.