Which of the Following Statements Are Correct with Respect to the Unrelated

question 67

Multiple Choice

Which of the following statements are correct with respect to the unrelated business income tax?

• A)Under certain circumstances,a corporate sponsorship payment can be classified as not being an unrelated trade or business.
• B)Under certain circumstances,a casino game can be classified as not being an unrelated trade or business.
• C)Under certain circumstances,the exchanging or renting of membership lists to other exempt organizations can be classified as not being an unrelated trade or business.
• D)Only a.and c.are correct.
• E)a.,b.,and c.all are correct.

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Definitions:

Closed Shop

A place of employment where only workers who are already members of a labor union may be hired.

Union Membership

The condition of being a member of an organization formed by workers in various sectors to protect and advance their rights and interests.

Labor Force Participation

The proportion of the working-age population that is either employed or actively looking for work, indicating the active supply of labor in the economy.

U.S. Union Membership

The membership affiliation of workers in the United States to labor unions, organizations that represent workers' interests and negotiate collective bargaining agreements.