Business, 29.04.2021 16:40 AmaniHaikal

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. Steve’s maximum charitable deduction is: A. $50,000 B. $50,900 C. $40,000 D. $50,400

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:30

Match the vocabulary word to the correct definition. 1. sexual harassment 2. terminate 3. recruitment 4. professional development 5. union a. any unwanted sexual attention, the suggestions that maintaining one’s job or professional advancement depends on sexual favors, or verbal and/or physical harassment of a sexual nature b. to fire from a job or end a professional relationship c. an organization of those in the same industry who join together to more effectively bargain with employers d. the process of attracting and hiring employees e. continuing education in a chosen field

Answers: 1

Answer

Business, 22.06.2019 16:30

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.

Answers: 3

Answer

Business, 22.06.2019 18:00

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?

Answers: 2

Answer

Business, 22.06.2019 22:00

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.

Answers: 2

Answer

You know the right answer?

Steve made the following transfers during the year: • $10,000 to Louisiana State University. The $10...

Questions

Business, 27.04.2021 15:40

Bridgeport Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment wer...

Business, 27.04.2021 15:40

Brahma Supply Company uses a periodic inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 70 backp...