Which of the Following Statements Regarding Low-Cost Articles Is Correct

question 30

Multiple Choice

Which of the following statements regarding low-cost articles is correct?

• A) The distribution of low-cost articles can be classified as not being an unrelated trade or business.
• B) For 2018, a low-cost article is one that costs $10.80 or less.
• C) Any contributions received as the result of the distribution of low-cost articles must be included in unrelated business income.
• D) Only a. and b. are correct.
• E) a., b., and c. are correct.

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Definitions:

Career

A long-term professional journey that an individual embarks on, which often includes changes in jobs, learning new skills, and progressing in job roles.

Job

Employment, typically a role performed by an individual in exchange for payment.

Money

A medium of exchange used to facilitate the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Career Interest

Personal preferences or inclinations towards specific professions or occupational areas.