To maintain exempt status, an organization must do which of the
following:
A. Satisfy only an organizational test.
B. Satisfy only an operational test.
C. Satisfy both an organizational test and an operational
test.
D. Satisfy a financial test.
E. Once exempt status is granted, it will continue regardless of
whether the organizational test and the operational test are
satisfied.
In determining state taxable income, all of the following are
adjustments to Federal income except:
A.
A Federal net operating...