Perch, Inc., an exempt organization, has unrelated business taxable income of $4 million. a. Calculate Perchs UBIT.

Question:

Perch, Inc., an exempt organization, has unrelated business taxable income of $4 million.
a. Calculate Perch’s UBIT.
b. Prepare an outline of a presentation you are going to give to the new members of Perch’s board on why Perch is subject to theUBITeven though it is an exempt organization.

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