For nonprofit organizations, excesses in revenue over expenses are
A) taxed at one-half the rate 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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