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Problem 23-29 (LO. 6) For each of the following organizations, determine its UBTI and any related UBIT. If an amount is zero, enter 0.

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Problem 23-29 (LO. 6) For each of the following organizations, determine its UBTI and any related UBIT. If an amount is zero, enter "0". Assume a 21% corporate income tax rate. a. Connect, Inc., an exempt organization, provides food for the homeless. It operates a thrift store that sells used clothing to the general public. The thrift shop is staffed soley by four salaried employees. All of the clothes it sells are received as contributions. The $100,000 profit generated for the year by the thrift shop is used in Connect's mission of providing food to homeless people. The UBTI is $ and the UBIT is $ b. Small, Inc., an exempt organization, has gross unrelated business income of $900 and unrelated business expenses of $400. The UBTI is $ and the UBIT is $ c. In Care, Inc., is a 501(c)(3) exempt organization. It owns a convenience store and gas pumps, which it received as a bequest from a patron. The store/gas pumps entity is operated as StopBy, a C corporation. Because StopBy is profitable, In Care hires a manager and several employees to run the entity. For the current year, StopBy's profit is $640,000. All of this amount is distributed by StopBy to In Care to use in carrying out its exempt mission. In Care Inc., is considered a imposed is $ and therefore the UBIT apply. As result, the Federal income tax

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