Which of the following is true for museums, public schools, and ymcas? they are promoted by trade associations. they are exempt from paying income taxes. they are supported by professional organizations. they are completely supported by the government.

The correct answer is B) they are exempt for paying income taxes.

Museums, public schools and YMCA’s are exempt for paying income taxes.

These organizations are exempt from paying income taxes because they are non-profitable organizations. They are dedicated to the promotion of culture, education, sports between the citizens of the United States and perform a non-lucrative activity. The money the charge when people use their services is to fund themselves and pay for their fixed costs.  

an expansion is one of two basic business cycle phases; the other is contraction. the transition from expansion to contraction is a peak, and the changeover from contraction to expansion is a trough.

where is the