Inure to the benefit of any private individual

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Reference no: EM131632504

1. What does it mean that, under federal law, a tax-exempt organization's net earnings may not "inure" to the benefit of any private individual?

a. The net earnings must be paid to a separate corporation.

b. The net earnings must be dedicated to exempt purposes.

c. The organization's employees must be unpaid volunteers.

d. The organization may not make charitable donations.

2. A corporation that is exempt from federal taxation may not take a position in support of a particular candidate for elective office. True or False?

Reference no: EM131632504

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