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Which of the Following Is Not a Benefit of Internal

Question 25

Multiple Choice

Which of the following is not a benefit of Internal Revenue Code Section 501(c) (3) status?


A) Exemption from paying federal taxes on most income.
B) Likely exemption from paying state taxes on most income.
C) Charitable donations to 501(c) (3) entities can reduce the donor's taxable income.
D) Can engage in political election campaign activity.
E) Can participate in lobbying.
ESSAY. Write your answer in the space provided or on a separate sheet of paper.
42) Give several examples, by name, of specific not-for-profit entities that are voluntary health and welfare entities.

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