Which of the Following Statements Is Correct

question 88

Multiple Choice

Which of the following statements is correct?

• A) A private foundation is, in general, exempt from Federal income tax.
• B) A private foundation may be subject to certain types of Federal income tax.
• C) If a broad public support test is satisfied, an exempt organization that otherwise would be classified as a private foundation is not classified as a private foundation.
• D) Only b. and c. are correct.
• E) a., b., and c. are correct.

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Definitions:

Women's Political Council

An organization instrumental in the Civil Rights Movement, particularly known for its role in organizing the Montgomery Bus Boycott in the 1950s in the United States.

Dr. Martin Luther King, Jr.

A prominent leader in the American civil rights movement, best known for his role in advancing civil rights using nonviolent civil disobedience based on his Christian beliefs.

Voting Rights Act Of 1965

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting.

Literacy Tests

Historically used in the United States as a method to disenfranchise voters, particularly African Americans, by requiring them to pass reading and writing tests before being allowed to vote.