Question: 63. If an exempt organization is a charitable trust, then unrelated business income is a. Not subject to tax. b. Taxed at rates applicable to

63. If an exempt organization is a charitable trust, then unrelated business income is

a. Not subject to tax.

b. Taxed at rates applicable to corporations.

c. Subject to tax even if such income is less than

$1,000.

d. Subject to tax only for the amount of such income in excess of $1,000.

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