If an Exempt Organization Owns a Feeder Organization, the Exempt

question 26

True/False

If an exempt organization owns a feeder organization, the exempt organization is not taxed on the profits of the feeder organization under the unrelated business income tax (UBIT) rules.

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Definitions:

Attitude

An established pattern of thoughts or feelings toward a person or thing, often influencing how an individual acts.

Behavior

The way in which an individual acts and conducts themselves, especially towards others.

Fast-food

A type of mass-produced food designed for commercial resale and with a strong priority placed on "speed of service" over other quality factors.

Obesity

A medical condition characterized by excess body fat that increases the risk of health problems.