Match the Following Statements

question 132

Multiple Choice

Match the following statements.

-§ 501(h) election

• A) Carries on a trade or business for the benefit of an exempt organization, remits its profits to the exempt organization, and is not exempt from Federal income tax.
• B) May be subject to some Federal income taxation and classification may adversely affect amount of charitable contributions received.
• C) Tax imposed for engaging in transactions with disqualified persons.
• D) Enables certain exempt organizations to engage in lobbying activities on a limited basis.
• E) Tax imposed on investments that enable a private foundation to control unrelated businesses.

---

Definitions:

Bank Tellers

Employees of a bank who deal directly with customers, managing transactions and answering queries.

Pay Equity Plans

Initiatives designed to ensure equal pay for work of equal value by eliminating gender and other forms of discrimination from the compensation system.

Farming Operation

The activities involved in the cultivation of crops and the raising of livestock for economic purposes.

Global Manufacturer

A company that produces goods in multiple countries and sells products in a global market, leveraging international resources and markets for efficiency and expanded reach.