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2. Help, Inc., a tax-exempt organization, incurs lobbying expenses of $105,000 during the tax year. Help is eligible for and makes the $ 501(h) lobbying

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2. Help, Inc., a tax-exempt organization, incurs lobbying expenses of $105,000 during the tax year. Help is eligible for and makes the $ 501(h) lobbying expenditure election. During the year, Help spends $600,000 carrying out its exempt mission. A. Will the lobbying expenses result in Help, Inc. jeopardize its exempt status? Explain Calculate the amount of any tax that Help must pay associated with the lobbying expenses. (Show necessary computation). I B. Assume same facts except that Help Incurs lobbying expenses of $150,000. Will the lobbying expenses result in Help, Inc. jeopardize its exempt status? Explain. Calculate the amount of any tax that Help must pay associated with the lobbying expenses. (Show necessary computation)

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