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:

Muammar Qaddafi

The Libyan revolutionary and politician who ruled Libya as its primary leader from 1969 until his death in 2011, known for his controversial policies and leadership style.

Nicaraguan Contras

A group of rebel fighters in Nicaragua that were active during the 1980s, opposed to the Sandinista government, and supported by the United States.

Congressional Aid

Congressional aid refers to assistance or funding approved by the United States Congress, directed towards domestic or international programs, entities, or efforts.

Civilians Killed

This term generally refers to non-combatant individuals who have died as a result of warfare, political violence, terrorism, or other conflicts, underscoring the tragic impact of violence on those not actively engaged in conflict.