Individual taxpayers may carry forward indefinitely charitable contributions that are not allowed as a deduction in the current year due to the adjusted gross income limitation.

Answer the following statement true (T) or false (F)


False

Rationale: Charitable contributions not allowed due to the adjusted gross income limitations may be carried forward 5 years.

Business

You might also like to view...

During very busy times in a consumer electronics store, the leader will often help customers on the selling floor. This is an example of ______.

a. contextual leadership b. leading by example c. leading by wandering around d. formal leadership

Business

According to Herzberg, which of the following is a hygiene factor?

A. Responsibility B. Supervision C. Advancement D. Personal growth

Business

In a job-shop process, processing requirements are different for each product because they ______.

A. contribute to economies of scale in production B. produce unique products in low volumes C. contribute to economies of scope in production D. facilitate continuous production

Business

Which retail personnel selection technique is most likely to be used for senior management positions and least likely to be used for lower-level positions (such as cashiers and salespeople)?

a. application blank b. psychological testing c. interview d. reference checks

Business