Which of the following activities is not subject to the feeder organization rules?
A) One hundred percent of the net income of the for-profit entity is contributed to the exempt organization.
B) A trade or business where substantially all the work is performed by volunteers.
C) A trade or business of selling merchandise where substantially all of the merchandise has been received as contributions or gifts.
D) Only b. and c.
E) a., b., and c.
Correct Answer:
Verified
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