If the unrelated business income of an exempt organization is $20,000 or less, the unrelated business income tax (UBIT) will be $0.

Name: If the unrelated business income of an exempt organization is $20,000 or less, the unrelated business income tax (UBIT) will be $0.
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Question

Quizplus · Accepted Answer

Exempt organizations must pay UBIT on unrelated business income regardless of the amount, though they may have a specific deduction amount that reduces taxable income.

If the Unrelated Business Income of an Exempt Organization Is