A large not-for-profit organization expended $1,250,000 in direct lobbying during the current year. As long as the $1,250,000 did not exceed 2 percent of the organization’s gross receipts, the amount is allowable according to the Internal Revenue Code. True or false?

False

Explanation:

This statement is false. The fact that the amount the organization donated did not exceed 2 percent of the organization's gross receipts does not mean that this is allowable under the Internal Revenue Code. The Internal Revenue Code is a part of the federal statutory law of the United States. This code is implemented by the Internal Revenue Service.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

oof

explanation:

f