LO.1 Identify the statutory authority under which each of the following is exempt from Federal income tax.
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LO.1 Identify the statutory authority under which each of the following is exempt from Federal income tax.
a. Kingsmill Country Club.
b. Shady Lawn Cemetery.
c. Amber Credit Union.
d. Veterans of Foreign Wars.
e. Boy Scouts of America.
f. United Fund.
g. Federal Deposit Insurance Corporation.
h. Bruton Parish Episcopal Church.
i. PTA.
j. National Press Club.
k. Princeton University (a private university).
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Related Book For 
South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts
ISBN: 9781133495574
36th Edition
Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney
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