Which of the Following Statements Are Correct

question 91

Multiple Choice

Which of the following statements are correct?

• A) If an exempt organization has annual gross receipts of less than $50,000, it does 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:

Anaphylactic

A severe and potentially life-threatening allergic reaction.

Multisystem Allergic Reaction

An allergic reaction that affects multiple organ systems in the body, potentially leading to more severe symptoms than those affecting a single system.

Rapid

Characterized by great speed or quickness of movement or action.

Molten

Melted.