Which of the following is not accurate with respect to unrelated business income for a 501(c)(3) organization? Multiple Choice A tax-exempt organization is required to pay tax at the corporate on income generated from any trade or business activities unrelated to the entity's tax-exempt purposes. O As long as the proceeds are used to further the tax exempt organization's purpose, the income will not be taxed. If volunteers perform most of the labor, income-producing activities from will be exempt from unrelated business Income tax. The purpose of the requirement to tax unrelated business income of a 501(C)(3) Avganization is to eliminate advantages that tax-exempt organizations have over profit making organizations