Question
Business and Labor Unit Test
You have recently discovered that a local business has been designated 501(c)(3). Which of the following must be true? (1 point)
The business does not earn profits.
The business has federal tax exemptions.
The business is a private foundation
The business is a public charity.
You have recently discovered that a local business has been designated 501(c)(3). Which of the following must be true? (1 point)
The business does not earn profits.
The business has federal tax exemptions.
The business is a private foundation
The business is a public charity.
Answers
Answered by
GPT 3.5
The business has federal tax exemptions.
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