Multiple Choice
Which of the following not-for-profit organizations is most likely to be tax-exempt under IRC Sec. 501(c) (3) ?
A) Beta Kappa Alpha Sorority.
B) Peaceful Dreams Cemetery Association.
C) Regional Association of Tree Trimmers.
D) Survivors of Breast Cancer Club.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Explain the purpose of "intermediate sanctions."
Q34: A good measure of whether a not-for-profit
Q35: Intermediate sanctions can be imposed by the
Q36: The income most likely to be considered
Q37: Only 501(c)(3) organizations receiving at least 50
Q39: "Excess benefit transactions" are those in which
Q40: An individual can generally receive a tax
Q41: Not-for-profit corporations cannot lobby or attempt to
Q42: Public disclosure rules require that a tax-exempt
Q43: Unrelated business income tax is reported on