If an exempt organization conducts a trade or business that is regularly carried on by the organization, it is subject to the unrelated business income tax (UBIT).
Correct Answer:
Verified
Q23: The excise tax imposed on private foundations
Q24: The key factors in determining whether an
Q25: A trade or business that is operated
Q27: The general objective of the tax on
Q27: The excise tax imposed on a private
Q29: For an activity to be considered as
Q31: An activity is not an unrelated trade
Q32: Revenue generated by an exempt organization from
Q32: An exempt organization is located in the
Q33: The activity of exchanging with or renting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents