Question
Which of the following statements is correct regarding the unrelated business income tax (UBIT)? a.To be subject to the UBIT, the exempt organization must conduct
Which of the following statements is correct regarding the unrelated business income tax (UBIT)?
a.To be subject to the UBIT, the exempt organization must conduct a trade or business, the trade or business is not substantially related to the exempt purpose of the organization, and the trade or business is carried on during more than half the year.
b.To be subject to the UBIT, the exempt organization must conduct a trade or business, the trade or business is not substantially related to the exempt purpose of the organization, and the trade or business is regularly carried on by the organization.
c.An exempt entity that conducts a business that competes with for-profit businesses automatically is subject to the UBIT.
d.To be subject to the UBIT, the exempt organization must conduct a trade or business, the trade or business must be substantially related to the exempt purpose of the organization, and the trade or business must be regularly carried on by the organization.
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International Finance Discussion Papers The Information Content Of High Frequency Data For Estimating Equity Return Models And Forecasting Risk
Authors: United States Federal Reserve Board, Dobrislav P. Dobrev, Pawel J. Szerszen
1st Edition
1288724810, 9781288724819
