Which of the Following Statements Are Correct

question 105

Multiple Choice

Which of the following statements are correct?

• A)If an exempt organization has annual gross receipts of less than $25,000,it need not file Form 990 (Return of Organization Exempt from Federal Income Tax).
• B)Private foundations must file Form 990-PF (Return of Private Foundation).
• C)If the gross income from an unrelated trade or business is less than $1,000,it is not necessary to file a return associated with the unrelated business income tax.
• D)Only a.and c.are correct.
• E)a. ,b. ,and c.are all correct.

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Definitions:

Similar in Age

Having a close or identical age to others, often implying shared experiences or generational characteristics.

Distributed Leadership

A leadership approach in which multiple members of an organization share responsibility and power in decision-making processes.

Responsibility

The state or fact of being accountable or to blame for something, often involving an obligation to act.

Cohesiveness

The degree to which members are attracted to a group and motivated to remain a part of it.