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Helpers, Inci, a qualifying $501(c)(3) organization, incurs lobbying expenditures of $264,000 for the taxable year and grass roots expenditures of 50 . Exempt purpose expenditures

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Helpers, Inci, a qualifying $501(c)(3) organization, incurs lobbying expenditures of $264,000 for the taxable year and grass roots expenditures of 50 . Exempt purpose expenditures for the taxable year are $1,760,000. Helpers eiects to make lobbying expenditures on a Himited busis. 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 eiection? x b. What is its tax liability as a result of the election? x c. Select your answer to port (b) as a Mierosoft Excel formula. LOBBYTAX MAX (0,(25(LOBBYEXPENDLOBBYNONTAX)))

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