Calculate fish unrelated business taxable income

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Question - Fish Inc., an exempt organization, reports unrelated business taxable income of $500,000 (excluding the deduction for charitable contributions). During the year, Fish makes charitable contributions of $54,000, of which $38,000 are associated with the unrelated trade or business.

A) Calculate Fish's unrelated business taxable income (UBTI).

B) Assume that the charitable contributions are $41,000 of which $38,000 are associated with the unrelated trade or business. Calculate the UBTI.

Reference no: EM131945794

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