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Which of the following income items earned by a qualified charity is subject to taxation as unrelated business income? 1. A university sells sports clothing
Which of the following income items earned by a qualified charity is subject to taxation as unrelated business income? 1. A university sells sports clothing with the proceeds used to fund athlete scholarships. 2.A charity fighting cancer operates a store run by volunteers who bake and sell bread. 3. An organization that ministers to war veterans operates a weekly n=bingo game in a state where such activity is legal 4. a homeless shelter sells appliances donated to the charity
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