Tan, Inc, a Tax-Exempt Organization, Has $65,000 of Net Unrelated Business

question 130

Multiple Choice

Tan, Inc., a tax-exempt organization, has $65,000 of net unrelated business income.Total charitable contributions (all associated with the unrelated trade or business) are $7,500.Assuming that the $7,500 was deducted in calculating net unrelated business income, what is Tan's unrelated business taxable income?

• A)$57,500.
• B)$65,250.
• C)$66,000.
• D)$72,500.
• E)Some other amount.

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