If the Unrelated Business Income of an Exempt Organization Is

question 65

True/False

If the unrelated business income of an exempt organization is $25,000 or less, the unrelated business income tax
(UBIT) is $0.

---

Definitions:

Initial Renewal

A process where an official agreement or registration is extended beyond its original end date.

Every Ten Years

A phrase indicating a recurring period or event that takes place once every decade.

Berne Convention

An international agreement that protects the rights of authors in their literary and artistic works across member countries.

Artistic Rights

The legal rights granted to creators over their artistic works, including the right to control use, reproduction, and distribution, often encompassed under copyright laws.