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Name: Date: Student Exploration: Basic PrismVocabulary: angle of incidence, angle of refraction, critical angle, dispersion, index of refraction, medium, prism, refract, Snell's law, total internal
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Basic Prism is a simplified reporting form used by tax-exempt organizations to provide essential information about their operations and finances.
Tax-exempt organizations with gross receipts below a specific threshold are required to file Basic Prism.
To fill out Basic Prism, organizations must gather required financial information, complete the form accurately, and submit it by the deadline.
The purpose of Basic Prism is to ensure transparency and accountability of tax-exempt organizations by requiring them to disclose their financial activities.
Basic Prism requires reporting of income, expenses, assets, liabilities, and program activities of the organization.
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