Which of the Following Statements Are Correct

question 105

Multiple Choice

Which of the following statements are correct?

• A)If an exempt organization has annual gross receipts of less than $25,000,it need not file Form 990 (Return of Organization Exempt from Federal Income Tax).
• B)Private foundations must file Form 990-PF (Return of Private Foundation).
• C)If the gross income from an unrelated trade or business is less than $1,000,it is not necessary to file a return associated with the unrelated business income tax.
• D)Only a.and c.are correct.
• E)a. ,b. ,and c.are all correct.

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Definitions:

Psychiatrist

A medical doctor specialized in diagnosing, treating, and preventing mental, emotional, and behavioral disorders, often through medication.

Clinician

A health professional involved in the diagnosis, treatment, and care of patients.

Empiricism

A theory in philosophy that states knowledge comes only or primarily from sensory experience.

Speculation

The process of forming theories or conjectures without firm evidence, often in the context of financial investments.