25. Which type of public charity will most likely plan to treat gross receipts from activities related to its exempt function(s) as qualifying support?

a. 509(a)(1)

b. 509(a)(2)

c. 509(a)(3)

d. 509(a)(4)

26. Which of the following is most likely required to pay an excise tax on its net

investment?

a. A private foundation

b. A public charity

c. An exempt operating foundation

d. Each of the above organizations must pay an excise tax on its net investment income

27. A 501(c)(3) is absolutely prohibited from participating in:

a. Direct lobbying

b. Grass roots lobbying

c. A political campaign on behalf of a candidate for public office

d. Each of the above activities

28. Pursuant to the holding of the Bob Jones University case discussed in class and in the textbook, 501(c)(3)s must have a policy expressing that the organization will not engage in discrimination based on:

a. Race

b. Sexual orientation

c. Religion

d. Each of the above