Homework Answers
the answer is A Section 501 (c)(3) nonprofit organization
Since, churches and organization whose gross receipts are 5000 or less have the tax exempt status even if they dont file Form 1023. Further section 501 (c)(4) provides exemption in different ways.
Add Answer to:
Question 15 of 15. Which of the following types of organizations may be required to file...
4091 Question 13 of 15. Which of the following tax-exempt organizations may file Form 990-N in...
4091 Question 13 of 15. Which of the following tax-exempt organizations may file Form 990-N in 20197 The organization was established in and had 2019: 2019 gross receipts of $82,000 2018; average gross receipts for 2018 and 2019 of $43,000. 2017; average gross receipts for 2017, 2018, and 2019 of $75,000. 2016; average gross receipts for 2017, 2018, and 2019 of $51,000. Mark for follow up
Question 14 of 15. Which section of the Internal Revenue Code lists the types of organizations...
Question 14 of 15. Which section of the Internal Revenue Code lists the types of organizations that are exempt from taxation? O $501(a). $502. $503 $501(c). Mark for follow up
a tax exempt organization may file form 990n if annual gross receipts are
a tax exempt organization may file form 990n if annual gross receipts are
Test - Senior Tax Analyst Certification Test (2020) Exempt Organizations Question 9 of 75. Which of...
Test - Senior Tax Analyst Certification Test (2020) Exempt Organizations Question 9 of 75. Which of the following is an example of an unrelated business activity for an exempt organization? Allare qualified as tax-exempt organizations under IRC 501(c)(3). Let's Read Together, Inc, a literacy program run by volunteers, conducts a bake sale every month Charity Local Clinic, Inc, a small medical facility located in a rural area, has a small cafeteria for the benefit of the medical personel and patients....
Question 66 of 75. All of the following are deductible business expenses reported in Part II...
Question 66 of 75. All of the following are deductible business expenses reported in Part II of Schedule C, Profit or Loss from Business, EXCEPT: Car and truck expenses. o Contributions to an employee's profit-sharing plan. Expenses relating to business use of the taxpayer's home. Health insurance benefits for employees. Mark for follow up Question 67 of 75. Choose the response that accurately completes the following sentence. Gross receipts, reported as income in Part 1 of Schedule C, Profit or...
2- under what circumstances may an IRS agent use indirect methods? 3- which of the following...
2- under what circumstances may an IRS agent use indirect methods? 3- which of the following is nota major indirect method? a. net worth b. cash-t c.balance sheet evaluation d. source and application of funds 5-describe the cash-T method 26- you are investigating possible hidden income in a divorce dispute involving an automobile repair shop with five bays. There are five mechanics, charging approximately $60 per hour for 7 hours per day. Assume 315 days worked with each person's wage...
Question 12 (1 point) Taxpayers paying or receiving alimony must file Form 1040. 1) True 2)...
Question 12 (1 point) Taxpayers paying or receiving alimony must file Form 1040. 1) True 2) False a o Question 13 (1 point) The imputed interest rules do not apply to compensation-related loans of $10,000 or less (assuming no tax avoidance motive). ! 1) True 2) False Question 14 (1 point) The "kiddie tax" is imposed on any child who has at least one living parent or stepparent. 1) True 2) False Question 15 (1 point) For higher-income taxpayers, it...
QUESTION 15 Which does not represent a mode a data file may be opened in using...
QUESTION 15 Which does not represent a mode a data file may be opened in using C? O execute, "e append, "a O write, "w" O read, " QUESTION 16 You need to read temperatures until a threshold is reached. The statements in the loop must be executed at least once. What type of structure should be used to do this? 0 while O none of these O do/while O for QUESTION 17 Give the value of time after the...
Question 2 Not yet answered A professional sport organization may partner with Pepsi to promote green...
Question 2 Not yet answered A professional sport organization may partner with Pepsi to promote green initiatives, which could include Points out of 5.00 Flag Select one: a. distributing drink coupons b. purchasing as much soda as possible c. use of plant based bottles question Question 3 Not yet answered Recent surveys of sport executives regarding environmental initiatives have found that Points out of 5.00 Flag question Select one: a. most sport organizations oppose environmental protectionism b. most sport organizations...
Which of the following are typically included in the bank account reconciliation? Bank service charges Outstanding...
Which of the following are typically included in the bank account reconciliation? Bank service charges Outstanding checks Deposits in transit All of the above Which of the following is included in the Statement of Activities? Total fundraising expenses Cash in back Cash flows from investing activites None of the above Which of the following is an example of a source document? Volunteer time sheet Purchase order Donor pledge card All of the above Costs of operating a vehicle for both...
4091 Question 13 of 15. Which of the following tax-exempt organizations may file Form 990-N in 20197 The organization was established in and had 2019: 2019 gross receipts of $82,000 2018; average gross receipts for 2018 and 2019 of $43,000. 2017; average gross receipts for 2017, 2018, and 2019 of $75,000. 2016; average gross receipts for 2017, 2018, and 2019 of $51,000. Mark for follow up
Question 14 of 15. Which section of the Internal Revenue Code lists the types of organizations that are exempt from taxation? O $501(a). $502. $503 $501(c). Mark for follow up
Test - Senior Tax Analyst Certification Test (2020) Exempt Organizations Question 9 of 75. Which of the following is an example of an unrelated business activity for an exempt organization? Allare qualified as tax-exempt organizations under IRC 501(c)(3). Let's Read Together, Inc, a literacy program run by volunteers, conducts a bake sale every month Charity Local Clinic, Inc, a small medical facility located in a rural area, has a small cafeteria for the benefit of the medical personel and patients....
Question 66 of 75. All of the following are deductible business expenses reported in Part II of Schedule C, Profit or Loss from Business, EXCEPT: Car and truck expenses. o Contributions to an employee's profit-sharing plan. Expenses relating to business use of the taxpayer's home. Health insurance benefits for employees. Mark for follow up Question 67 of 75. Choose the response that accurately completes the following sentence. Gross receipts, reported as income in Part 1 of Schedule C, Profit or...
Question 12 (1 point) Taxpayers paying or receiving alimony must file Form 1040. 1) True 2) False a o Question 13 (1 point) The imputed interest rules do not apply to compensation-related loans of $10,000 or less (assuming no tax avoidance motive). ! 1) True 2) False Question 14 (1 point) The "kiddie tax" is imposed on any child who has at least one living parent or stepparent. 1) True 2) False Question 15 (1 point) For higher-income taxpayers, it...
QUESTION 15 Which does not represent a mode a data file may be opened in using C? O execute, "e append, "a O write, "w" O read, " QUESTION 16 You need to read temperatures until a threshold is reached. The statements in the loop must be executed at least once. What type of structure should be used to do this? 0 while O none of these O do/while O for QUESTION 17 Give the value of time after the...
Question 2 Not yet answered A professional sport organization may partner with Pepsi to promote green initiatives, which could include Points out of 5.00 Flag Select one: a. distributing drink coupons b. purchasing as much soda as possible c. use of plant based bottles question Question 3 Not yet answered Recent surveys of sport executives regarding environmental initiatives have found that Points out of 5.00 Flag question Select one: a. most sport organizations oppose environmental protectionism b. most sport organizations...
Most questions answered within 3 hours.
-
Name the 3 common law duties of corporate directors
AND provide a brief explanation of what...
asked 44 seconds ago -
Listed below are pulse rates (beats per minute) of females
selected in study of body data...
asked 3 minutes ago -
A large rough ramp is inclined φ=35 degrees above the
horizontal. A block of mass m...
asked 5 minutes ago -
According to survey data, the distribution of arm spans for
males is approximately Normal with a...
asked 23 minutes ago -
Consider the aggregate demand – aggregate supply (AD-AS) model.
Assume the economy is initially at its...
asked 19 minutes ago -
How many distinguishable ways can the letters of the word
COMMUNICATION be arranged in order?
asked 22 minutes ago -
Calculate how many grams of 30% and how many grams of
10% coal tar paste must...
asked 23 minutes ago -
All else equal and given the current system of exchange rates,
if the United States enters...
asked 32 minutes ago -
The charge on a capacitor in an ideal LC oscillator
with an angular frequency of 200...
asked 39 minutes ago -
A 5.5 MW variable-speed wind generator with 0.92 power factor is
providing power to a grid...
asked 39 minutes ago -
Two wires, each of length 1.9 m, are stretched between two fixed
supports. On wire A...
asked 43 minutes ago -
Help me solve this in C++
Rewrite the code to use array instead of linked lists....
asked 50 minutes ago