The Board of Directors of Teton Pearl, Inc., a private foundation, consists of Charlyne, Beth, and Carlos. They vote unanimously to provide a $901,000 grant to Carlos. The grant is to be used for travel and education and does not qualify as a permitted grant to individuals (i.e., it is an act of self-dealing). If an amount is zero, enter "0". Question Content Area a. The initial tax imposed on Teton Pearl is $fill in the blank 01d0dcfb1fbcfe2_1 and on Carlos is $fill in the blank 01d0dcfb1fbcfe2_2 . Question Content Area b. The initial tax imposed on the foundation managers (the Board of Directors) is $fill in the blank 92dbd2f75fed012_1 .

The Board of Directors of Teton Pearl, Inc., a private foundation, consists of Charlyne, Beth, and Carlos. They vote unanimously to provide a $901,000 grant to Carlos. The grant is to be used for travel and education and does not qualify as a permitted grant to individuals (i.e., it is an act of self-dealing). If an amount is zero, enter "0". Question Content Area a. The initial tax imposed on Teton Pearl is $fill in the blank 01d0dcfb1fbcfe2_1 and on Carlos is $fill in the blank 01d0dcfb1fbcfe2_2 . Question Content Area b. The initial tax imposed on the foundation managers (the Board of Directors) is $fill in the blank 92dbd2f75fed012_1 .

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter15: Exempt Entities

Section: Chapter Questions

Problem 24P

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