Helpers, Inc., a qualifying 501(c)(3) organization, incurs lobbying expenditures of $312,000 for the taxable year and grass roots expenditures of $0. Exempt purpose expenditures for the taxable year are $2,080,000. 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? $fill in the blank 1

b. What is its tax liability as a result of the election? $fill in the blank 2

c. Select your answer to part (b) as a Microsoft Excel formula.