Not-for-profit entities that are eligible to obtain tax-exempt status under Internal Revenue Code section 501(c)(4) are
A. Those promoting scientific research.
B. Professional sports leagues.
C. Those functioning exclusively to promote social welfare.
D. Those promoting literacy.
E. Chambers of Commerce.
Answer: C
You might also like to view...
Nonresponse rates should always be reported and, whenever possible, the effects of nonresponse should be estimated
Indicate whether the statement is true or false
Which statement regarding office customs/practices is incorrect?
a. U.S. employees are expected to keep busy while at work even during slow periods. b. Peru has one of the longest workweeks in the world. c. U.S. firms give more and longer breaks than do most European companies. d. In the United Kingdom, the only grounds for job termination are criminal behavior.
To prove usurping by a director or an officer, a corporation must have the financial ability to take advantage of the usurped opportunity
Indicate whether the statement is true or false
Common law relies upon judicial decisions that then become ____________________ that are used to help decide similar cases.
Fill in the blank(s) with the appropriate word(s).