Which of the Following Statements Is Not Correct

question 51

Multiple Choice

Which of the following statements is not correct?

• A) The unrelated business income tax (UBIT) does not apply to exempt organizations that receive broad public support.
• B) The unrelated business income tax (UBIT) treats the tax-exempt entity as if it were subject to the corporate income tax on its unrelated business income.
• C) Unrelated business income is income derived from activities not related to the exempt purpose of the exempt organization.
• D) Only a. and c. are not correct.
• E) a., b., and c. are not correct

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Definitions:

Egocentrism

A cognitive trait where an individual is unable to understand or assume any perspective other than their own.

Operations

Procedures carried out in the execution of a task, workflow, or within a functional area of a business or study.

Intuitive Thought

A cognitive process that occurs without analytical reasoning, often based on experiences and immediate perceptions.

Innate

The inherent characteristics or abilities present from birth, not acquired or learned through experience.