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:

Storming

A stage in group development characterized by conflict and competition as team members work to establish norms and structures.

Therapeutic

Relating to the healing of disease or maintenance of health, often used in the context of treatments, interventions, or environments designed to promote well-being.

Professional

Relating to a job that requires specialized knowledge and often intensive academic education.

Educational

Related to the process of teaching and learning, aimed at developing knowledge, skills, values, and attitudes.