For each of the following taxes that are imposed on private foundations and/or foundation managers, match the appropriate initial tax or additional tax.
-Tax on self-dealing
A)10% initial tax and 25% additional tax on private foundation.
B)30% initial tax and 100% additional tax on private foundation.
C)10% initial tax and 200% additional tax on private foundation.
D)10% initial tax and 100% additional tax on disqualified person.
E)10% initial tax and 200% additional tax on the disqualified person.

Question

Quizplus · Accepted Answer

The tax on self-dealing involves a 10% initial tax and a 200% additional tax on the disqualified person involved in the self-dealing transaction with the private foundation.

For Each of the Following Taxes That Are Imposed on Private