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:

Criminal Law

Involves crimes against the state. When a state or federal law is violated, the government brings criminal charges against the alleged offender.

Professional Corporation

A business structure legally recognized that allows licensed professionals, such as doctors or lawyers, to offer their services.

National Practitioner Data Bank

A U.S. database that contains information on medical malpractice payments, sanctions, and licensure actions against healthcare providers.

Health Care Quality Improvement Act

A federal statute enacted to improve the quality of medical care, largely by restricting the ability of physicians with a history of malpractice from moving to another state to escape their history.