Question

Fish, Inc., an exempt organization, reports unrelated business income of $500,000 (before any charitable contribution deduction). During the year, Fish makes charitable contributions of $54,000, of which $38,000 are associated with the unrelated trade or business.
a. Calculate Fish’s unrelated business taxable income (UBTI).
b. Assume that the charitable contributions are $41,000, of which $38,000 are associated with the unrelated trade or business. Calculate the UBTI.


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  • CreatedSeptember 09, 2015
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