Calculate upward and onwards ubit

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Reference no: EM13945748

Upward and Onward, Inc., organization that provides training programs for welfare recipients, reports the following income and expenses from the sale of products associated with the training program. Calculate Upward and Onward's UBIT.

Gross income from sales	$425,000
Cost of goods sold	106,000
Advertising and selling expenses	26,000
Administrative expenses	112,500

a. Assume that the sale of the training program products is substantially related to Upward and Onward's exempt purpose.

b. Assume that the sale of the training program products is not substantially related to Upward and Onward's exempt purpose.

Reference no: EM13945748

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