Collin's Classic for Children with Cancer is a 501(c)(3) nonprofit corporation that sells shirts. The organization will be taxed as a(n)

Name: Collin's Classic for Children with Cancer is a 501(c)(3) nonprofit corporation that sells shirts. The organization will be taxed as a(n)
Brand: Quizplus
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Question

Quizplus · Accepted Answer

501(c)(3) nonprofit corporations are exempt from federal income tax, so they do not fall under the traditional tax classifications of partnerships, C corporations, or S corporations.

Collin's Classic for Children with Cancer Is a 501(c)(3) Nonprofit