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An Exempt Organization Is Located in the State of Nevada

question 75

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An exempt organization is located in the state of Nevada.Gambling in Nevada is legal.Therefore, bingo games are conducted by both taxable and tax-exempt organizations.If the net earnings from the bingo games are less than $25,000, the exempt organization is not subject to the unrelated business income tax (UBIT).


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A professional organization that provides credentialing opportunities for medical assistants and continuing education opportunities.

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