If a nonprofit is found to be engaged in revenue-generating activity that does not meet the operational test, the earnings from that activity are subject to the Unrelated Business Income Tax (UBIT).
Correct Answer:
Verified
Q19: How was the cooperative defined?
A) A public
Q20: Which principle does NOT define the nature
Q21: Before entrepreneurship became a major factor in
Q22: In the 1980s the rolling back of
Q23: One of the chief advantages of adopting
Q25: One of the chief advantages of adopting
Q26: Corporate giving offices have long supported charitable
Q27: A number of government agencies have made
Q28: Philanthropy via the Internet has grown rapidly
Q29: Fewer and fewer social entrepreneurs who are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents