School Has Been Paying the UBIT Every Year

question 135

Multiple Choice

School has been paying the UBIT every year. To reduce or eliminate this year's tax liability, School might:

• A) Accelerate gross income from the profit-making activity into the current tax year.
• B) Accelerate deductions from the profit-making activity into the current tax year.
• C) Both a. and b.
• D) Neither a. nor b.