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ipn [44]
3 years ago
14

Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable cont

ributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990.

Business
1 answer:
sergejj [24]3 years ago
7 0

Answer:

Complete question is attached in form of image.

a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450

= $ 13100

a). Maximum amount of charitable deduction for Property Donations

= 15250 + 18375

= $ 33625

The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.

The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.

FMV stands for Fair market value.

Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.

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Check traffic<span> around </span>you<span> (rear, sides and front). Look for a gap of 4 to 5 seconds in</span>traffic<span>. </span>Activate your turn signal<span> (do this at least 100 feet before </span>you<span> make the lane change). Check </span>your<span> mirrors (rear-view then </span>your<span> side mirrors).</span>
6 0
3 years ago
In an imaginary economy, consumers buy only razors and cologne. The fixed basket consists of 6 razors and 4 bottles of cologne.
Hitman42 [59]

Answer:

The answers are:

  1. The CPI for 2009 is 100 (since it is the base year)
  2. The CPI for 2010 is 129.17
  3. The inflation rate for 2010 is 29.17%

Explanation:

<u>CPI basket for 2009</u>

  • 6 razors x $20 per razor = $120
  • 4 bottles of cologne x $30 per bottle = $120

The total value of the CPI basket for 2009 is $240

<u>CPI basket for 2010</u>

  • 6 razors x $25 per razor = $150
  • 4 bottles of cologne x $40 per bottle = $160

The total value of the CPI basket for 2010 is $310

  1. The CPI for 2009 is 100, since it is the base year
  2. The CPI for 2010 = (CPI basket 2010 / CPI basket 2009) x 100 = ($310 / $240) x 100 = 129.17
  3. The inflation rate for 2010 = [(CPI basket 2010 / CPI basket 2009) - 1] x 100 = (1.2917 - 1) x 100% = 29.17%

3 0
3 years ago
Rock Bottom Gold Company recently repurchased 7 million shares of its common stock for $47 per share. The intent of the repurcha
Eddi Din [679]

Answer:

a. Assets = Liabilities  + Stockholder's Equity

Assets = Cash (7,000,000*$47) = -$32,90,00,000

b. Liabilities = No Effect

c. Stockholder's Equity = -$32,90,00,000

5 0
2 years ago
A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net in
erica [24]
<span>A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals to 3.4 times. $17000 / $ 5000 = 3.4 times</span>
7 0
3 years ago
As explained in your textbook, an __________ is a systematic series of actions that leads to a specific result or product. quizl
OLga [1]

The <u>process </u>is a systematic series of actions that leads to a specific result or product.

<h3>What is a Process?</h3>

A process is a set of decisions and actions used to carry out the task. Although we may not be aware of them, processes are present in every sphere of our lives, including work and pleasure. Several instances of

processes may be:

  • breakfast preparation
  • Making a purchase
  • establishing a budget
  • A work order is written.
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  • sanitizing a space
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<h3>Timing and dependency of a Process</h3>

Awareness of genuine process behavior requires an understanding of timing and interdependence. The submitter only submitted background checks on Tuesday between 3:00 and 3:30 PM throughout the background check procedure outlined above. This implies that it can take up to 7 days for a pending background check to be filed. 14 extra days might be added to the background check procedure by three additional comparable delays. Understanding how actions inside a process are timed is essential to any improvement technique, but it is not made clear by the fundamental description. The framework for describing when a process takes place is not part of the fundamental concept of a process.

Therefore, As explained in your textbook, a <u>Process </u>is a systematic series of actions that leads to a specific result or product.

For more information on Processes, refer to the given link:

brainly.com/question/14694622

#SPJ4

6 0
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