Tan, Inc, a Tax-Exempt Organization, Has $65,000 of Net Unrelated Business

question 130

Multiple Choice

Tan, Inc., a tax-exempt organization, has $65,000 of net unrelated business income.Total charitable contributions (all associated with the unrelated trade or business) are $7,500.Assuming that the $7,500 was deducted in calculating net unrelated business income, what is Tan's unrelated business taxable income?

• A)$57,500.
• B)$65,250.
• C)$66,000.
• D)$72,500.
• E)Some other amount.

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Definitions:

Oval Window

A membrane-covered opening that leads from the middle ear to the inner ear, playing a crucial role in the process of hearing.

Photoreceptors

Specialized cells in the retina of the eye that respond to light, enabling vision.

Retina

A layer of tissue located at the back of the eye, containing cells that are sensitive to light and trigger nerve impulses that pass via the optic nerve to the brain.

Rhodopsin

A light-sensitive pigment found in the rod cells of the retina, crucial for low-light vision.