Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

comparing nonprofit and for - profit organizations sort the concepts by…

Question

comparing nonprofit and for - profit organizations
sort the concepts by whether they describe a nonprofit or for - profit charitable organization.
are not tax exempt
donors may deduct donations
shareholders can collect an income
are tax exempt
nonprofit
for - profit

Explanation:

Brief Explanations

Nonprofits typically have tax-exempt status, and donations to them are tax-deductible for donors. For-profits are not tax-exempt and distribute income to shareholders through dividends or other means.

Answer:

Nonprofit: Donors may deduct donations, Are tax exempt
For-profit: Are not tax exempt, Shareholders can collect an income