Multiple Choice
What is not an advantage of obtaining section 501(c) (3) status?
A) The charitable organization is permitted to engage in a trade or business unrelated to its mission without having to pay income taxes.
B) Donors to the charitable organization are permitted to deduct contributions to the organization in computing their income taxes.
C) The charitable organization does not have to pay state sales tax.
D) Neither (A) nor (C) is an advantage.
Correct Answer:
Verified
Correct Answer:
Verified
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