QUESTION 3 Tax exempt, charitable organizations… do not pay taxes on their chari

Question

QUESTION 3

Tax exempt, charitable organizations…

do not pay taxes on their charitable, or programmatic, income

do not pay taxes on their purchases

can offer a tax deduction for cash contributions from the public

all of the above

“a” and “c” only

1.00000 points   

QUESTION 4

Tax exempt, charitable organizations are restricted in how much political and legislative (lobbying) activities they may conduct.

True

False

1.00000 points   

QUESTION 5

The “Non-Distribution Constraint” requires that any profits, or surplus, be reinvested in the mission of the nonprofit organization, and that there be no inurement (benefit) to “disqualified persons” which includes:

staff, members of the board, and their respective families

staff only

members of the board and board member’s families only

none of the above

do not pay taxes on their charitable, or programmatic, income

do not pay taxes on their purchases

can offer a tax deduction for cash contributions from the public

all of the above

“a” and “c” only

Explanation / Answer

3. a. do not pay taxes on their charitable, or programmatic, income

The charitable organization possess this relaxation based on which they have to pay less amount it taxes.

4. False

There is no such restriction because they have tax exemption.

5. c. members of the board and board member’s families only

The board and their families in the organization are not entitled to receive any benefits because they do not quality to receive the same based ion various laws

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