What Is the Maximum Threshold for a Tax-Exempt Organization to File

question 136

Multiple Choice

What is the maximum threshold for a tax-exempt organization to file a form 990-EZ?

• A) A charity with gross receipts less than $50,000 and assets less than $250,000
• B) A charity with gross receipts less than $200,000 and assets less than $500,000
• C) A charity with gross receipts less than $500,000 and assets less than $1 million
• D) A charity with gross receipts less than $500,000 and assets less than $5million.

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Definitions:

Needle Holder

Instrument used to hold a suture needle during the suturing process.

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A designated area, such as in a surgical environment, that is kept free of all microorganisms to reduce the risk of infection.

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A medical procedure that uses a wire loop heated by electric current to remove abnormal tissues or cells from the cervix.

Electrified Wire Loop

A tool that uses electric current to cut or cauterize tissue, commonly used in surgeries or medical procedures.