Fish, Inc., an exempt organization, reports unrelated business income of $500,000 (before any charitable contribution deduction). During the year, Fish makes charitable contributions of $54,000, of which $38,000 are associated with the unrelated trade or business. a.  Fish's unrelated business taxable income (UBTI) is $ b.  Express your computation in part (a) as a Microsoft Excel formula. DEDUCT=UBI_BEFORE-1000-MIN(CHAR,(UBI_BEFORE*.1))  c.  Assume instead that the charitable contributions are $41,000, of which $38,000 are associated with the unrelated trade or business. The UBTI is $

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Fish, Inc., an exempt organization, reports unrelated business income of $500,000 (before any charitable contribution deduction). During the year, Fish makes charitable contributions of $54,000, of which $38,000 are associated with the unrelated trade or business.

a.  Fish's unrelated business taxable income (UBTI) is $

b.  Express your computation in part (a) as a Microsoft Excel formula.
DEDUCT=UBI_BEFORE-1000-MIN(CHAR,(UBI_BEFORE*.1)) 

c.  Assume instead that the charitable contributions are $41,000, of which $38,000 are associated with the unrelated trade or business. The UBTI is $

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