A. Tax on investment income. 17. Which of the following excise taxes are imposed on the private foundation because it engages in prohibited

A. Tax on investment income. 17. Which of the following excise taxes are imposed on the private foundation because it engages in prohibited transactions? A. Tax on investment income. B. Tax on self-dealing. C. Tax on failure to distribute income. D. Only b. and c. e. a., b., and c. ANS: D The tax based on investment income effectively is an audit fee used to defray IRS expenses.