Wellness Inc., a 501(c)(3) organization, makes lobbyingexpenditures of $340,000 this year. Exempt purpose expenditures byWellness were $600,000 for the first six months of the year and$950,000 for a. Determine the Federal income tax consequences to Wellness if it does not make the \\( \\S 501(\\mathrm{~h}) \\) lobbying election. 1 Could Wellness forfeit its exempt status? Wellness, Inc. is asse 2 answers