When taxpayers donate cash and capital gain property to a public charity, the agi percentage limitation is applied in the following order: -a 30 percent of agi limitation is applied to the aggregate donation.-a 50 percent of agi limitation is applied to the cash donation and a 20 percent of agi limitation is applied to the fair market value of the capital gain donation.-a 30 percent of agi limitation is applied to the cash donation and a 20 percent of agi limitation is applied to the fair market value of the capital gain donation.-a 50 percent of agi limitation is applied to the cash donation and the fair market value of the capital gain donation is subject to the lesser of a 30 percent of agi limitation or a 50 percent of agi limitation after subtracting the cash contributions.-donations to public charities are not subject to agi limitations.
Answers: 3
Another question on Business
Business, 22.06.2019 16:50
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
Business, 23.06.2019 03:00
Depasquale corporation is working on its direct labor budget for the next two months. each unit of output requires 0.61 direct labor-hours. the direct labor rate is $8.70 per direct labor-hour. the production budget calls for producing 6,700 units in may and 7,100 units in june. if the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?
Answers: 3
Business, 23.06.2019 10:20
Teatro restoration, inc., begins renovating an old theater for urban edge productions, but after three months teatro demands an extra $250,000. urban edge agrees to pay. refer to fact pattern 13–4. if teatro says it is asking for the extra $250,000 because it has encountered extraordinary unforeseen difficulties that will add considerable cost to the project, the agreement is
Answers: 3
You know the right answer?
When taxpayers donate cash and capital gain property to a public charity, the agi percentage limitat...
Questions
Mathematics, 16.11.2020 18:10
Mathematics, 16.11.2020 18:10
History, 16.11.2020 18:10
Mathematics, 16.11.2020 18:10
