For each of the following taxes which are imposed on private foundations, match the appropriate initial...
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For each of the following taxes which are imposed on private foundations, match the appropriate initial tax or additional tax. < 5% initial tax and 25% additional tax on private foundations 5% initial tax and 200% additional tax on private foundation 15% initial tax and 100% additional tax on private foundations 100% additional tax on private foundations and 50% additional tax on foundation manager 5% initial tax and 200% additional tax on the disqualified person 1. Tax on jeopardizing investments t 2. Tax on failure to distribute 3. Tax on taxable expenditures 4. Tax on excess business holdings 5. Tax on self-dealing For each of the following taxes which are imposed on private foundations, match the appropriate initial tax or additional tax. < 5% initial tax and 25% additional tax on private foundations 5% initial tax and 200% additional tax on private foundation 15% initial tax and 100% additional tax on private foundations 100% additional tax on private foundations and 50% additional tax on foundation manager 5% initial tax and 200% additional tax on the disqualified person 1. Tax on jeopardizing investments t 2. Tax on failure to distribute 3. Tax on taxable expenditures 4. Tax on excess business holdings 5. Tax on self-dealing
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Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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