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Which of the following statements regarding the unrelated business income tax is correct? a. All of these statements are correct. b. The exchange or rental
Which of the following statements regarding the unrelated business income tax is correct?
a. All of these statements are correct.
b. The exchange or rental of membership lists with other exempt and nonexempt organizations is hot an unrelated trade or business.
c. Churches are subject to the unrelated business income tax.
d. Bingo games are not subject to the unrelated business income tax if they are conducted by an exempt organization.
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