A business that is formed as a philanthropic enterprise can utilize a tax code that allows for maximization of profits, but it is taxed as a charitable organization. For this to occur, the organization must do which of the following?
A) have several stockholders who determine the charities that receive funds
B) give 100 percent of its profits to charitable causes
C) produce an item that is directly linked to the mission
D) pay employees well above minimum wage
Correct Answer:
Verified
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