Theater,Inc

question 120

True/False

Theater,Inc.,an exempt organization,owns a printing company,Printers,Inc.,which remits 85% of its profits to Theater,Inc.Since Printers remits at least 85% of its profits to Theater,neither Theater,Inc.,nor Printers,Inc.,must pay income tax on this $85,000 ($100,000 × 85%).

---

Definitions:

Outgoing Email Servers

The servers used to send email, typically using the SMTP protocol, from an email client to the recipient's email server.

Router

A networking device that forwards data packets between computer networks, directing internet or intranet traffic efficiently.

Drafts Folder

The drafts folder is a designated location in email and word processing applications where unfinished documents or messages are saved for later completion.

Signature Line

A designated space in a document where an individual signs to indicate agreement or acknowledgment.