Save the Animals is a conservation organization that qualifies under 501(c)(3). Save the Animals made $14...

 

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Save the Animals is a conservation organization that qualifies under 501(c)(3). Save the Animals made $14 million in exempt purpose expenditures and $900,000 in lobbying expenditures. How much of their lobbying expenditures will be considered excess lobbying expenditures and are subject to taxation? A. $O B. $100,000 C. $500,000 D. $900,000 Save the Animals is a conservation organization that qualifies under 501(c)(3). Save the Animals made $14 million in exempt purpose expenditures and $900,000 in lobbying expenditures. How much of their lobbying expenditures will be considered excess lobbying expenditures and are subject to taxation? A. $O B. $100,000 C. $500,000 D. $900,000

Answer rating: 100% (QA)

Answer As per the current rules the allowable lobbying expenditures for Exem... View the full answer