[单选题]
Charitable contributions subject to the 50-percent limit that are not fully deductible in the year made may be:
A .Carried back two years or carried forward twenty years.
B .Carried forward indefinitely until fully deducted.
C .Neither carried back nor carried forward.
D .Carried forward five years.
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income is USD60,000.Donation to Smith’s churchUSD5,000Art work donated to the local art museum(Smith purchased it for USD2,000 four months ago and a local art dealer appraised it for)3,000Contribution to a needy family1,000What amount should Smith deduct as a charitable contribution?
A USD8,000 B USD5,000 C USD9,000 D USD7,000
题型:
单选题
提问时间:
2021-08-24
2 .Which of the following statements is correct regarding the deductibility of donations made to qualifying charities by a cash-basis individual taxpayer?
A A qualified appraisal for real property donations is not required to be attached to the tax return unless the property value exceeds USD10,000. B The charitable contribution deduction for long-term appreciated stock is limited to 50% of adjusted gross income. C A charitable contribution deduction ...
题型:
单选题
提问时间:
2021-08-24
3 .Jimet, an unmarried taxpayer, qualified to itemize deductions. Jimet's adjusted gross income was USD30,000 and he made a USD2,000 cash donation directly to a needy family. During the year, Jimet also donated stock, valued at USD3,000, to his church. Jimet had purchased the stock four months earlier for USD1,500. What was the maximum amount of the charitable contribution allowable as an itemized deduction of Jimet's current year income tax return?
A USD 2,000 B USD 0 C USD 1,500 D USD 5,000
题型:
单选题
提问时间:
2021-08-24
4 .Alex and Myra Burg, married and filing joint income tax returns, derive their entire income from the operation of their retail candy shop. Their adjusted gross income was USD50,000. The Burgs itemized their deductions on Schedule The following unreimbursed cash expenditures were among those made by the Burgs during the year:Repair and maintenance of motorized wheelchair for physically handicapped dependent childUSD300Tuition, meals, and lodging at special school for physically handicapped dependent child in the institution primarily for the availability of medical care, with meals and lodging furnished as necessary incidents to that care4,000State income tax1,200Self-employment tax7,650Four tickets to a theatre party sponsored by a qualified charitable organization; not considered a business expense; similar tickets would cost USD25 each at the box office160Repair of glass vase accidentally broken in home by dog; vase cost USD500 5 years ago; fair value USD600 before accident and USD200 after accident90Fee for breaking lease on prior apartment residence located 20 miles from new residence500Security deposit placed on apartment at new location900What amount should the Burgs deduct for gifts to charity in their itemized deductions on Schedule A for the current year?
A USD 0 B USD 100 C USD 160 D USD 80
题型:
单选题
提问时间:
2021-08-24
5 .Spencer, who itemizes deductions, had adjusted gross income of USD60,000 for the current year. The following additional information is available for the year:Cash contribution to churchUSD 4,000Purchase of art object at church bazaar (with a fair market value of USD800 on the date of purchase)1,200Donation of used clothing to Salvation Army (fair value evidenced by receipt received)600What is the maximum amount Spencer can claim as a deduction for charitable contributions in the current year?
A USD4,400 B USD5,200 C USD5,000 D USD5,400
题型:
单选题
提问时间:
2021-08-24
7 .Moore, a single taxpayer, had USD50,000 in adjusted gross income for the year. During the year she contributed USD18,000 to her church. She had a USD10,000 charitable contribution carryover from her prior year church contribution. What was the maximum amount of properly substantiated charitable contributions that Moore could claim as an itemized deduction for the current year?
A USD10,000 B USD25,000 C USD28,000 D USD18,000
题型:
单选题
提问时间:
2021-08-24
8 .Jeffrey, a single taxpayer, had USD55,000 in adjusted gross income for the current year. During the current year he contributed USD19,500 to his church. He had a USD5,000 charitable contribution carryover from his prior year church contribution. What was the maximum amount of properly substantiated charitable contributions that Jeffrey could report as an itemized deduction for the current year?
A 24,500 B 5,000 C 19,500 D 27,500
题型:
单选题
提问时间:
2021-08-24
9 .Deet, an unmarried taxpayer, qualified to itemize current year deductions. Deet's adjusted gross income was USD40,000 and he made a USD1,500 substantiated cash donation directly to a needy family. Deet also donated art, valued at USD11,000, to a local art museum. Deet had purchased the art work two years earlier for USD2,000. What was the maximum amount of the charitable contribution allowable as an itemized deduction on Deet's current year income tax return?
A USD 3,500 B USD 12,500 C USD 2,000 D USD 11,000
题型:
单选题
提问时间:
2021-08-24
10 .Stein, an unmarried taxpayer, had adjusted gross income of USD80,000 for the year, and qualified to itemize deductions. Stein had no charitable contribution carryovers and only made one contribution during the year. Stein donated stock, purchased seven years earlier for USD17,000, to a tax-exempt educational organization. The stock was valued at USD25,000 when it was contributed. What is the amount of charitable contributions deductible on Stein's current year income tax return?
A USD 21,000 B USD 25,000 C USD 17,000 D USD 24,000
题型:
单选题
提问时间:
2021-08-24
