Country,Inc.,an exempt organization,has included among other amounts the following in calculating net unrelated business income of $400,000.

The only expenses incurred associated with these items are rental expenses (which includes depreciation of $9,500)of $14,000.Calculate Country,Inc.'s UBTI.

Question

Country,Inc.,an exempt organization,has included among other amounts the following in calculating net unrelated business income of $400,000.
  
The only expenses incurred associated with these items are rental expenses (which includes depreciation of $9,500)of $14,000.Calculate Country,Inc.'s UBTI.

Quizplus · Accepted Answer

The Answer of Country,Inc.,an exempt organization,has included among other amounts the following in calculating net unrelated business income of $400,000.
  
The only expenses incurred associated with these items are rental expenses (which includes depreciation of $9,500)of $14,000.Calculate Country,Inc.'s UBTI.