To Qualify for Tax-Exempt Status, an Organization Must Do All

question 41

Multiple Choice

To qualify for tax-exempt status, an organization must do all of the following except:

• A) Have an Employer's Identification Number.
• B) Be organized as a corporation, trust, or association.
• C) Complete IRS form 1023.
• D) Receive most of its income from contributions rather than by providing goods or services.

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Definitions:

Rehearsal

A practice or repetition of information or skills to enhance memory retention or performance.

Spacing Effect

The tendency for distributed study or practice to yield better long-term retention than is achieved through massed study or practice.

Vocabulary Tests

Vocabulary tests are assessments designed to measure the range or depth of an individual's knowledge of words, their meanings, and usage.

Crams

An intense period of study or work, typically undertaken to meet a tight deadline or prepare for an examination.