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Which of the following is a true statement about tax - exempt organizations? a . They must be organized to serve the charitable needs of
Which of the following is a true statement about taxexempt organizations?
a They must be organized to serve the charitable needs of the public at large
b They must first become a forprofit corporation
c They are permitted to do some political lobbying if guidelines are met
d Their unrelated business income is taxed at personal income tax rates
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