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13. With regard to Unrelated Business Income Tax (UBIT) answer the following questions: (A) Which four conditions will automatically exempt entities from UBIT? (B) What

13. With regard to Unrelated Business Income Tax (UBIT) answer the following questions:

(A) Which four conditions will automatically exempt entities from UBIT?

(B) What are some exceptions to UBIT provided by legislation?

(C) How is UBIT computed? What deductions are allowed?

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