Entities That Are Tax-Exempt Under IRS Section 501c3 with Gross

question 107

True/False

Entities that are tax-exempt under IRS Section 501c3 with gross receipts less than $ 500,000 and total assets less than $ 2.5 million may file Form 990-EZ

---

Definitions:

Free Soil Party

A political party active in the 1840s and 1850s in the United States, which opposed the expansion of slavery into the western territories.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to work without remuneration.

Dred Scott Decision

An 1857 U.S. Supreme Court ruling that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court.