Which of the Following Statements Is Correct

question 89

Multiple Choice

Which of the following statements is 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 b.and c.are correct.
• E)a. ,b. ,and c.are correct

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Definitions:

Left-hand Margin

The space to the left side of a page in a document, important for ensuring readability and proper document formatting.

Promotional Offers

Special deals, discounts, or incentives provided to consumers as a part of marketing and sales strategies.

Purposes

The reasons or objectives behind an action, decision, or creation.

Policies

A set of principles, rules, guidelines, or procedures formulated or adopted by an organization or government to guide its actions and decisions.