Mortimer is an avid collector of antiques associated with the funeral industry. the local hospital is running a campaign to redecorate and expand their lobby, and as a show of support, mortimer donates a 19th century horse-drawn hearse in mint condition to the hospital. he purchased several of these hearses 30 years ago for $300 each, but the current estimated market value of the hearse today is in the range of $30,000. the hospital decides to sell the hearse and dedicate the proceeds to the renovation effort. mortimer's agi is $50,000. which of the following statements concerning mortimer's charitable deduction is correct?
a. mortimer's deduction for the current tax year will be limited to $25,000.b. mortimer's deduction for the current tax year will be limited to $15,000.c. at least $5,000 of the deductible amount will have to be carried over to future tax years.
d. mortimer's income tax deduction is $300.

2. explain two ways that an informational interview is different from a job interview 3. describe two ways that an informational interview would be a benefit to you. 4. write two questions that you would ask in an informational interview. answer all in complete sentences for brainliest!

Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.