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. Agnes is a feeder organization that remits 80% of its profits to its parent organization, a 501(c)(3) entity. Therefore Agnes is exempt from Federal
. Agnes is a feeder organization that remits 80% of its profits to its parent organization, a 501(c)(3) entity. Therefore Agnes is exempt from Federal income taxation.
a. True b. False
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Quality Audits For Improved Performance
Authors: Dennis R. Arter
2nd Edition
0873892631, 978-0873892636
