Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax (UBIT)?

A. The business is carried on regularly but is unrelated to the organization's tax-exempt purpose.
B. Majority of labor is performed by paid employees.
C. The business is operated for a profit.
D. The business sells donated merchandise.


Answer: D

Business

You might also like to view...

Consider Figure 5.2. Compared with the total revenue and total profit that ABC Inc. realizes in the absence of dumping, with dumping the firm attains a

a. fall in revenue of $18; fall in profits of $15. b. fall in revenue of $18, fall in profits of $18. c. rise in revenue of $18, rise in profits of $15. d. rise in revenue of $18, rise in profits of $18.

Business

When drafting content for a website, which of the following will help improve the message?

A) Write a message for the internal, local audience. B) Start with general information and use embedded links to add depth and detail. C) Develop a concise, skimmable format. D) Use catchy headings and thought provoking summaries that lure readers further into the website. E) Use links that force readers to click through the web to find relevant data.

Business

Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products."A ________ would provide Peter Austin with information about who makes the buying decisions for a prospective corporate customer, the buyer's background, and what kind of credit and

delivery terms the account requires. A. value analysis B. customer profile C. FAB formula D. SWOT analysis E. customer benefit plan

Business

The ability to influence others is a form of

a. Authority b. Competence c. Power d. Potential

Business