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
Rus_ich [418]
3 years ago
6

Pablo is 75 years old. He made a $5,000 qualified charitable distribution (QCD) from his IRA to a qualified local charity. If he

uses the cash method of accounting, what amount of the distribution can he claim as a charitable contribution deduction on his income tax return
Business
1 answer:
Vedmedyk [2.9K]3 years ago
6 0

Answer:

$5,000

Explanation:

People over 70.5 years old can donate up to $100,000 to charities from their IRA accounts. Some people do this to avoid penalties for not taking the required minimum distributions (RMD start at age 72) and it also helps them to lower their taxable income. This deduction applies to all types of tax payers, not only wealthy ones.

You might be interested in
16. Demographics are
ZanzabumX [31]

Answer:

statistical data relating to the population and particular groups within it.

Explanation:

!!

7 0
3 years ago
Click this link to view O*NET’s Work Contexts section for Accountants. It describes the physical and social elements common to t
PolarNik [594]

Answer:

B,C,E,F

Explanation:

4 0
3 years ago
Which Human Services workers must have a strong sense of visual style in order to carry out the tasks for which they
Delicious77 [7]

Answer:

personal care service workers because they know what they are doing and are good

6 0
3 years ago
Read 2 more answers
Sirah runs a housecleaning service. She wants her employees to be highly efficient, cleaning a certain number of houses each day
romanna [79]

Answer:

transactional

Explanation:

Transactional leadership includes day-to-day performance and monitoring with respect to the focus on the organization related to the supervision and compliance of rules and regulations via rewards and retribution.

Since in the given situation it is mentioned that they have to clean the houses each day and perform the work accordingly so it would be transactional leadership style

4 0
4 years ago
Do right people with wrong timing ever get a second chance?
babunello [35]
It depends ob your situation. For example, in the office situation, if you came late for a special meeting (like people coming from other countries just to visit you), then you would most probably won't see the meeting again!


I hope it helpd you!
5 0
3 years ago
Other questions:
  • Rx Corp. stock was $60.00 per share at the end of last year. Since then, it paid a $1.00 per share dividend last year. The stock
    14·1 answer
  • Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $30 par common stock. The fo
    8·2 answers
  • What is the difference between a shortage and scarcity?
    12·2 answers
  • If $ 12 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 3 comma 600 at the en
    14·1 answer
  • Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders
    9·1 answer
  • Managers take broad strategic plans and turn them into operational blueprints with specific objectives and programs. The manager
    11·1 answer
  • The expected average rate of return for a proposed investment of $4,250,000 in a fixed asset, using straight-line depreciation,
    6·1 answer
  • Annual maintenance cost for a particular section of highway pavement are $3,000.The placement of a new surface would reduce the
    12·1 answer
  • Consider Franco Co, the parent of a US-based multinational corporation (MNC) that uses forecasted exchange rates to assist with
    11·1 answer
  • Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!