For nonprofit organizations, excesses in revenue over expenses are
A) taxed at one-half the rate of for-profit organizations.
B) distributed equally to all of the organization's shareholders.
C) returned to the organization's treasury to allow the continuation of the service.
D) taxed at a reduced rate if the revenue is to be used in keeping with the organization's core mission.
E) not taxed at all unless it is a religious organization.
Correct Answer:
Verified
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