Which of the following activities regularly conducted by a tax-exempt organization will result in unrelated business income?
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Question:
tax-exempt organization will result in unrelated business income?
I. Selling articles made by handicapped persons as part of their
rehabilitation, when the organization is involved exclusively
in their rehabilitation.
II. Operating a grocery store almost fully staffed by emotionally
handicapped persons as part of a therapeutic program.
I only.
II only.
Both I and II.
Neither I nor II.
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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