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USCPA精选习题70：Regulation
千万不要让本来努力就可以得到的东西，因为怠慢而失去了机会，USCPA的学习亦是如此，每天坚持做一道习题，2019年USCPA一定会成功上岸！正保会计网校为大家整理了USCPA精选习题70：Regulation，希望大家利用好这些内容。
Which of the following activities regularly carried out by an exempt organization will not result in unrelated business income?
a.The sale of laundry services by an exempt hospital to other hospitals.
b.The sale of heavy-duty appliances to senior citizens by an exempt senior citizens center.
c.The sale of a trade association of publications used as course materials for the association's seminars, which are oriented towards its members.
d.Accounting and tax services performed by a local chapter of a labor union for its members.
【正确答案】C
【答案解析】
Explanation
Rule: Unrelated business income is:
1.Derived from an activity that constitutes a trade or business,
2.Is regularly carried on, and
3.Is not substantially related to the organization's tax-exempt purpose.
Note: An unrelated business does not include any activity where all the work is performed for the organization by unpaid volunteers. Thus, using unpaid volunteers makes that business or activity "related."
Choice "c" is correct. The sale of a trade association of publications used as course materials for the association's seminars, which are oriented towards its members, will not result in unrelated business income.
Choices "a", "b", and "d" are incorrect, per the above explanation.
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