Can you show me how to figure the charitable contribution amount of $12,540?
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Can you show me how to figure the charitable contribution amount of $12,540?
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- -Calvin’s AGI is $54,000. What is the charitable contribution deduction. What is the carryover?How did you come up with the $25.520 for large donations and the publice support amount of $91.520? Thank you!Decide whether a person should itemize his deductions or take the standard deduction Deductible Expenditures 8800 home mortage interest 2700 contributions to charity 630 for state income Standard deduction is 11400
- What is the difference between making a gift aid donation and a donation straight fromyour salary through Payroll giving? Briefly describe main features of both.Which of the following expenses is deductible from gross income?* a. Contribution to a newspaper fund for needy families when such newspaper organizes a drive solely for charitable purposes. b. Premiums paid by the self-employer for the life insurance of his employees c. Contribution to the construction of a chapel of a university that declares dividends to its stockholders d. Donation of prizes and awards to athletes in local and international competitions and sanctioned by their respective sport associations.If you give time at a charitable organization can you deduct your transportation?
- May i know this Clara has a HECS debt of $50,000.00 izit need to pay the Government study support loan ? please provided relevant referencing.In July 2022, a donor promises to donate $100,000 in cash to an NFP organization if the local NFP can raise the same amount ($100,000) from other donors by December 2022. How much revenue (if any) should the NFP recognize in July 2022? (do not use $ signs, commas or decimals in your answer) In July 2022, a donor promises to donate $100,000 in cash to an NFP organization on December 1, 2022. How much revenue (if any) should the NFP recognize in July 2022? (do not use $ signs, commas or decimals in your answer)An NFP organization receives supplies from a donor. At what amount is the donation reported in contribution revenue? Select one: A. The donor's cost B. Fair value at the date of donation C. Fair value at year-end D. Zero
- A not-for-profit organization receives $250 from a donor. The donor receives two tickets to a theater show and an acknowledgment in the theater program. The tickets have a fair market value of $50. What amount is recorded as contribution revenue? A.) 250 B.) 200 C.) 50 D.) 0Describe the relationships that are eligible for the Canada Care giver amount of $7348 for 2022.The SECURE 2.0 Act of 2022, Section 307, allows a taxpayer who wants to make a charitable contribution from their IRA, to make a one-time rollover to an eligible split interest entity. What is the maximum amount allowed to be contributed? o $5.000 o $10.000 o $25.500 o $50.000