Save the Animals is a conservation organization that qualifies under §501 (c) (3). Save the Animals made $14 million in exempt purpose expenditures and $900,000 in lobbying expenditures. How much of their lobbying expenditures will be considered excess lobbying expenditures and are subject to taxation? $0 $100,000 $500,000 $900,000

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Gill

27 September, 13:50

Save the Animals is a conservation organization that qualifies under §501 (c) (3). Save the Animals made $14 million in exempt purpose expenditures and $900,000 in lobbying expenditures. How much of their lobbying expenditures will be considered excess lobbying expenditures and are subject to taxation? $0 $100,000 $500,000 $900,000

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Alejandra Peck · Answer 1

The answer of this problem is $1160000 bc i added the 0 the 100,000 the 500,000 and the 900,000 together and got 2400000 and then subtracted that with 14 million and got 11600000