Rest,Inc.,a § 501(c)(3)exempt organization,hires a registered lobbyist to promote its position on pending legislation.For the year,its lobbying expenses are $100,000.Rest makes the § 501(h)election.Assume the lobbying nontaxable amount is $90,000.
a.Will the lobbying expenses result in Rest losing its exempt status?
b.Calculate the amount of any tax that Rest must pay associated with the lobbying expenses.
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