Helpers, Inc., a qualifying $501($c$)(3)$ organization, incurs lobbying expenditures of $$248,250$ for the taxable year and grass roots expenditures of $$0.$ Exempt purpose expenditures for the taxable year are $$1,655,000.$ Helpers elects to make limited lobbying expenditures. Click here to access Exhibit $25\mathrm{.}3.$

If required, round your answers to nearest dollar.

a$.$What amount of lobbying expenditures is Helpers allowed to make tax$-$free under the terms of the election?

$$\_\_\_\_\_\_\_\_\_$

b$.$What is its tax liability as a result of the election?

$$\_\_\_\_\_\_\_\_\_$

Exercise $25-10($Algorithmic$)($LO$.3)$

Helpers, Inc., a qualifying $501($c$)(3)$ organization, incurs lobbying expenditures of $\backslash$$$248,250$ for the taxable year and grass roots expenditures of $\backslash (\backslash$$ $0\backslash ).$ Exempt purpose expenditures for the taxable year are $\backslash$$$1,655,000.$ Helpers elects to make limited lobbying expenditures. Click here to access Exhibit $25\mathrm{.}3.$

If required, round your answers to nearest dollar.

a$.$ What amount of lobbying expenditures is Helpers allowed to make tax$-$free under the terms of the election?

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b$.$ What is its tax liability as a result of the election?

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c$.$ Select your answer to part $($b$)$ as a Microsoft Excel formula. Use the variable names "LOBBYTAX" for the final tax, "LOBBYEXPEND" for the organization's lobbying expenditures, and "LOBBYNONTAX" for the organization's nontaxable lobbying expenditures.