Helpers, Inc., a qualifying 501(c)(3) organization, incurs lobbying expenditures of $343,500 for the taxable year and grass roots expenditures of $0. Exempt purpose expenditures for the taxable year are $2,290,000. Helpers elects to make lobbying expenditures on a limited basis. Click here to access Exhibit 23.2. If required, round your answers to nearest dollar. a. What amount of lobbying expenditures is Helpers allowed to make tax-free under the terms of the election? x b. What is its tax liability as a result of the election? c. Select your answer to part (b) as a Microsoft Excel formula. LOBBYTAX MAX(0.25 LOBBYEXPEND-LOBBYNONTAX))) Feedback Che My Wo Certain exempt organizations are permitted to engage in lobbying (but not political) activities that are greater than an insubstantial part of their activities by making a 5 501ch) election. Eligible for the election are most 5 501(c)(3) organizations, but not churches.