Business, 25.11.2019 20:31 lberries08

Steve made the following transfers during the year: $10,000 to louisiana state university. the $10,000 contribution allows him to purchase football season tickets. steve also bought the football season tickets at a cost of $5,000. $400 to the local public broadcast television station during the annual fund drive. in return for the $400 contribution, steve received a mug and pen with the station’s logo valued at $8. 1,000 shares of abc stock to the united way. at the date of the contribution, the stock had a fair market value of $50 per share. steve’s adjusted taxable basis in the stock was $10 per share and he held the stock long-term. ignoring any agi limitations, what is steve’s maximum charitable income tax deduction for this year?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 04:30

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Answers: 3

Answer

Business, 22.06.2019 09:40

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

Answers: 1

Answer

Business, 22.06.2019 13:40

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.

Answers: 3

Answer

Business, 22.06.2019 15:30

Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.

Answers: 3

Answer

You know the right answer?

Steve made the following transfers during the year: $10,000 to louisiana state university. the $10,...

Questions