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Which of the following is an example of an exempt organization that may be subject to tax on unrelated business income? a. An are studio
Which of the following is an example of an exempt organization that may be subject to tax on unrelated business income?
a. An are studio that leases unused studio space as apartments
b. A hospital gift shop that sells flowers
c. A church that rents its non-debt-financed basement each month to a for-profit organization
d. A vocational school that sells articles made by students in a handicraft shop
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