Question
You have recently discovered that a local business has been designated 501(c)(3). Which of the following must be true?
A) The business is a public charity.
B) The Business as a private foundation.
C) The business has federal tax exemptions.
D) The business does not earn profits.
A) The business is a public charity.
B) The Business as a private foundation.
C) The business has federal tax exemptions.
D) The business does not earn profits.
Answers
GPT 3.5
C) The business has federal tax exemptions.