To Satisfy the Broadly Supported Provision to Avoid Classification as a Private

question 78

True/False

To satisfy the broadly supported provision to avoid classification as a private foundation, the exempt organization must satisfy both an external support test and an internal support test. Under the internal support test, more than one- third of the exempt organization's support for the taxable year must come from gross investment income and unrelated business taxable income.

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Definitions:

Variable

A variable is any characteristic, number, or quantity that can be measured or counted.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often through the mean, median, or mode.

Ordinal Scale

A measurement scale that categorizes variables or responses in a specific order without defining the exact difference between them.

Median

The middle value in a data set, arranged in ascending or descending order.