Which of the Following Statements Regarding the Unrelated Business Income

question 142

Multiple Choice

Which of the following statements regarding the unrelated business income tax is correct?

• A) Private foundations are subject to the unrelated business income tax.
• B) Bingo games are not subject to the unrelated business income tax if they are conducted by an exempt organization.
• C) The exchange or rental of membership lists with other exempt and nonexempt organizations is not an unrelated trade or business.
• D) All of the above statements are correct.
• E) None of the above statements is correct.

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Definitions:

Dorothea Dix

An American activist who significantly improved the care and treatment of the mentally ill through tireless advocacy and the establishment of numerous psychiatric hospitals in the 19th century.

Deinstitutionalization

The process of replacing long-stay psychiatric hospitals with less isolated community mental health services for those diagnosed with a mental disorder.

Misery

a state of great distress or discomfort of mind or body.

Clinical Psychologists

Professionals specializing in diagnosing and treating mental, emotional, and behavioral disorders through psychological techniques.