1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alika [10]
3 years ago
11

Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations.

Business
1 answer:
Lena [83]3 years ago
8 0

Answer:

1. $27,188

2. $48,000

3. 212,000

Explanation:

Computation for the charitable contribution deduction

1. Based on the information given the calculation will be :The amount of the property's basis including 50% of the appreciation on the property

Charitable contribution deduction = [$43,500 + ($54,375- $43,500) * 50%]

Charitable contribution deduction = [$43,500 + ($54,375- $43,500) * 50%

Charitable contribution deduction =$43,500+$10,875*50%

Charitable contribution deduction =$27,188

b.Based on the information given what will be the

charitable contribution deduction is the fair market value on the date of the contribution of the amount of $48,000 reason been that it is a capital gain property Contribution.

c. Based on the information given what will be the charitable contribution deduction is the worth of the donated sculpture held as an investment of the amount of $212,000 reason been that it is a capital gain property Contribution.

You might be interested in
Who wants me to follow them and give them points
andrew11 [14]

Answer:

me if thats alright !!:) thanks

6 0
2 years ago
Which of the four functions of management do you believe to be most important?
tigry1 [53]
Planning, organizing,leading, and controlling
5 0
3 years ago
There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

5 0
2 years ago
Cargill, Inc. is finally earning a profit on the unique product it introduced six months ago. Cargill's advertising is both info
Anni [7]
What is your question?? :))
8 0
3 years ago
Suppose that last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively. Because of
grandymaker [24]

Answer:

Explanation:

Last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively.

The producer surplus is the difference between the minimum price that a producer is willing to accept and the price it actually gets. It can be found by calculating the area between the supply curve and the market price.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

= \frac{1}{2}\ \times\ quantity\ \times\ price

= \frac{1}{2}\ \times\ 5\ \times\ 10

= $25

Because of strong demand this year, the equilibrium price and the quantity of good X are $12 and 7 million pounds, respectively.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

= \frac{1}{2}\ \times\ quantity\ \times\ price

= \frac{1}{2}\ \times\ 7\ \times\ 12

= $42

5 0
3 years ago
Other questions:
  • Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. The CPI
    5·1 answer
  • Business, 11.10.2019 01:40 marissastewart533
    12·1 answer
  • Wayfair sent five different versions of their email to customers to determine which message was most effective at getting custom
    10·1 answer
  • A firm has net working capital of $1,770. long-term debt is $4,180, total assets are $11,830, and fixed assets are $3,910. what
    8·1 answer
  • Canada is currently the second largest producer of nickel in the world. The recent reopening of the world famous Voisey's Bay mi
    8·1 answer
  • Suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create a
    6·1 answer
  • You are trying to decide which of two automobiles to buy. The first is American-made, costs $3.0500 x 104, and travels 28.0 mile
    9·1 answer
  • QUESTION 1 A factor that increases the likelihood of a loss is known as a _______ . 1. Premium 2. Peril 3. Hazard 4. Risk 1 poin
    13·1 answer
  • From day one of Jay's first week as the new boss, everybody in the office agreed that he was a great improvement on his predeces
    7·1 answer
  • Pls help me and thank you
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!