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Which of the Following Conditions Would Exempt Income-Producing Activities from the Unrelated

Question 168

Multiple Choice

Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax UBIT?


A) Majority of labor is performed by paid employees.
B) The business sells donated merchandise.
C) The business is carried on regularly but is unrelated to the organization's tax-exempt purpose.
D) The business is operated for a profit.

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