Match the Following Statements

question 136

Short Answer

Match the following statements.
a.Exempt from tax on unrelated business.b.Inappropriate definition.c.Exempt organization may be subject to the tax on unrelated business income.d.Annual information return of an exempt organization that is required to file a return and which is not a private foundation.e.Appropriate definition.f.Annual information return of a private foundation.
-Debt-financed income is the net income from debt financed property.

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Definitions:

Defendant

A person, business, or entity being charged or prosecuted in a legal proceeding.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Court of International Trade

The Court of International Trade is a federal court in the United States that deals with cases involving international trade and customs laws.

Worldwide Jurisdiction

The assertion of legal authority to prosecute or impose legal judgments regardless of geographical boundaries.