Wellness, Inc., a 501(

15. L0.1, 3 Wellness, Inc., a 501(c)(3) organization, makes lobbying expenditures of $340,000 this year. Exempt-purpose expenditures by Wellness were $600,000 for the first six months of the year and $950,000 for the last six months of the year. Determine the Federal income tax consequences to Wellness if: a. It does not make the 501(h) lobbying election. b. It does make the 501(h) lobbying election. Apenditure =340,000 urposeexpenditure=600,000)(first6mont950,000(last6mont