Rose, Inc, a Qualifying § 501(c)(3) Organization, Incurs Lobbying Expenditures of of $145,000

Rose, Inc., a qualifying § 501(c) (3) organization, incurs lobbying expenditures of $145,000 during the taxable year. Exempt purpose expenditures are $500,000. If Rose makes the election under § 501(h) to make lobbying expenditures on a limited basis, its tax liability resulting from the lobbying expenditures is:

A) $0.
B) $7,250.
C) $11,250.
D) $36,250.
E) Some other amount.

Correct Answer:

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