Question: Two general requirements to qualify for exempt status under the Internal Revenue Code include: Operating as a not - for - profit and serving the

Two general requirements to qualify for exempt status under the Internal Revenue Code include:
Operating as a not-for-profit and serving the common good.
Serving the common good and not having any unrelated business income.
Serving the common good and having less than 50% unrelated business income.
Operating as a not-for-profit and not having any unrelated business income.
Two general requirements to qualify for exempt

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