A Nonprofit Organization May Pay Taxes If

Multiple Choice

A nonprofit organization may pay taxes if

A) excess revenues exceed 20 percent of the budget.
B) the organization is not considered to be a religious institution.
C) revenue is received from overseas subsidiaries.
D) revenue-generating holdings are not directly related to the organization's core mission.
E) money is spent on research and development, then it is taxed at a significantly lower rate.