If the Unrelated Business Income of an Exempt Organization Is

question 37

True/False

If the unrelated business income of an exempt organization is $25,000 or less,the unrelated business income tax (UBIT) will be $0.

---

Definitions:

There

Used to indicate a place or location, or to introduce a subject or situation.

Misspelled Words

Words that are written incorrectly, deviating from the accepted spelling.

Explanatory

Pertaining to the analysis or explanation of data or phenomena, often used to describe variables or factors that aim to elucidate relationships within statistical models.

Response

The reaction or reply provided following a specific stimulus or question.