Sacha purchased land in 2010 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America (a charitable organization) for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. Sacha's adjusted gross income is $90,000. Assuming no special elections, Sacha's maximum deductible contribution this year is
A) $13,000.
B) $27,000.
C) $35,000.
D) $40,000.
B) $27,000.
The potential deduction is the $40,000 FMV. Ceiling on current year contribution:
$90,000 AGI
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A) 1 and 3 B) 2 and 4 C) 1 and 4 D) 1 and 2
Answer the following statements true (T) or false (F)
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Use ________________ following interpretive captions
a. detailed graphics b. familiar examples c. citations d. periods
Cognitive skill is particularly important for leaders when they
A) have to make decisions by themselves. B) delegate extensively to group members. C) must display self-confidence. D) must smile frequently to maintain morale.