Tan, Inc., a tax-exempt organization, has $65,000 of net unrelated business income.Total charitable contributions (all associated with the unrelated trade or business) are $7,500.Assuming that the $7,500 was deducted in calculating net unrelated business income, what is Tan's unrelated business taxable income?
A) $57,500.
B) $65,250.
C) $66,000.
D) $72,500.
E) Some other amount.
Correct Answer:
Verified
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