811978
Beschreibung
Quiz von turquoise_cat, aktualisiert more than 1 year ago
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Erstellt von turquoise_cat
vor etwa 10 Jahre
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Frage 1
Frage
The term that means information skewed toward a particular belief with a tendency to have little or no factual basis is
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Political influence.
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Legislation.
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Propaganda.
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Lobbying.
Frage 2
Frage
The income most likely to be considered unrelated business income of a human service organization that provides immunizations to children in the community is
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Rental of extra space in the building.
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Regular sale of sweatshirts with the organization's logo on it at a price considerably above cost.
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Interest and dividend income on investments.
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Gain on the sale of equipment no longer needed by the organization.
Frage 3
Frage
The Internal Revenue Service may impose intermediate sanctions on all of the following transactions between a not-for-profit organization and its executive officer except
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Excessive compensation.
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More than the fair rental value for property owned by the officer.
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A bargain on the sale of assets.
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Fringe benefits comparable to those given to all employees.
Frage 4
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Which of the following is a reason why an NPO might fail to qualify for tax-exempt status?
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It is operated primarily for the benefit of its members.
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Its officers are paid excessive wages.
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Its primary purpose is to promote the passage of legislation favorable to institutions of higher education.
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It has unrelated business income.
Frage 5
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Which of the following not-for-profit organizations is most likely to be tax-exempt under IRC Sec. 501(c)(3)?
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Beta Kappa Alpha Sorority.
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Peaceful Dreams Cemetery Association.
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Regional Association of Tree Trimmers.
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Survivors of Breast Cancer Club.
Frage 6
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Which of the following is a not a true statement about tax-exempt organizations?
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They must be organized to serve the charitable needs of the public at large.
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They must first become a not-for-profit corporation or charitable trust.
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They are permitted to do some political lobbying if guidelines are met.
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Their unrelated business income is taxed at corporate income tax rates.
Frage 7
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All of the following are examples of acts or policies that are uniform across the United Stated for not-for-profit organizations except
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Uniform Prudent Management of Investment Funds Act of 2006.
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Model Charitable Solicitation Act.
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Uniform Executive Compensation Act.
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Volunteer Protection Act of 1997.
Frage 8
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All of the following are reasons why the Internal Revenue Service (IRS) overhauled the Form 990 for tax years beginning in 2008 except
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To minimize the burden of filing on tax-exempt organizations.
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To shorten the time it takes to complete a return for large not-for-profit organizations.
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To enhance transparency about the organization.
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To allow the IRS to efficiently assess noncompliance.
Frage 9
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A good measure of whether a not-for-profit organization is "liquid" and can meet its short-term obligations is
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Percentage of total expenses spent on the program function as opposed to support function.
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Total revenues divided by total expenses.
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Current assets divided by current liabilities.
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Percentage of unrestricted net assets to operating expenses.
Frage 10
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A good measure of whether a not-for-profit organization is a "going concern" and can sustain its operations into the future is
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Total revenues divided by assets.
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Percentage of unrestricted net assets to operating expenses.
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Percentage of total expenses spent on the program function as opposed to support function.
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Public support divided by total fund-raising expenses.
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