Unrelated Business Income Tax is an excise tax, applied to the gross receipts of a business activity. Therefore allocations of expenses incurred in generating the income are irrelevant.

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Unrelated Business Income Tax is income tax that are required to pay on income generated from any trade or business activities unrelated to the entity's tax-exempt purposes. Unrelated business income is taxed at the corporate rate.

Unrelated Business Income Tax Is an Excise Tax, Applied to the Gross