Tan, Inc., a tax-exempt organization, has $65,000 of net unrelated business income. Total charitable contributions (all associated with the unrelated trade or business) are $7,500. Assuming that the $7,500 was deducted in calculating net unrelated business income, what is Tan's unrelated business taxable income?
A) $65,000
B) $65,250
C) $66,000
D) $72,500

Question

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The Answer of Tan, Inc., a tax-exempt organization, has $65,000 of net unrelated business income. Total charitable contributions (all associated with the unrelated trade or business) are $7,500. Assuming that the $7,500 was deducted in calculating net unrelated business income, what is Tan's unrelated business taxable income?
A) $65,000
B) $65,250
C) $66,000
D) $72,500

Tan, Inc, a Tax-Exempt Organization, Has $65,000 of Net Unrelated Business