Choice "B" is correct. To qualify as an exempt organization other than a church or an employee's qualified pension or profit sharing trust, the applicant must file a written application with the Internal Revenue Service.
Choice "a" is incorrect. Sick benefits may be paid to members under a lodge system.
Choice "d" is incorrect. Applicants for exempt status must qualify under the Internal Revenue Code.
Choice "c" is incorrect. Exempt organizations do incorporate and issue capital stock.
