Match the following statements.
-Bingo games
A) Distribution of such items is not considered an unrelated trade or business if they are "low-cost items".
B) Is considered an unrelated trade or business if the amount received is contingent upon the level of attendance at one or more events
C) Is considered an unrelated trade or business if legally it can be conducted by commercial (for-profit) entities.
D) A trade or business that consists of either renting or exchanging these with another exempt organization is not an unrelated trade or business.
Correct Answer:
Verified
Q71: Match the following statements.
-Form 990-PF.
A)Exempt from tax
Q79: Match the following statements.
-Unrelated business income is
Q80: Give an example of the indicated types
Q81: Match the following tax forms.
-Form 1023
A)Return of
Q82: The Dispensary is a pharmacy that
Q83: Well, Inc., a private foundation, makes a
Q85: All of the stock of Hot Dog,
Q87: Assist, Inc., a § 501(c)(3) organization,
Q88: Faith Church, a § 501(c)(3) organization, operates
Q89: First Americans, Inc., a § 501(c)(3)
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