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  3. 2. help, inc., a tax-exempt organization, incurs l

2. Help, Inc., a tax-exempt organization, incurs lobbying expenses of $105,000 during the tax year....

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Accounting

2. Help, Inc., a tax-exempt organization, incurs lobbying expenses of $105,000 during the tax year. Help is eligible for and makes the 501(h) lobbying expenditure election. During the year, Help spends $600,000 carrying out its exempt mission.

b. Assume same facts except that Help incurs lobbing expenses of $150,000. Will the lobbying expenses result in Help, Inc. jeopardize its exempt status? Explain. Calculate the amount of any tax that Help must pay associated with the lobbying expenses. (Show necessary computation)

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