Please Choose the True Statement

question 17

Multiple Choice

Please choose the true statement.

• A)A charitable contribution may be deducted on Schedule A for donations to the mayor's campaign.
• B)A taxpayer may deduct the value of a car donated to charity,but may not claim a deduction greater than the amount for which the charity actually sells the vehicle.
• C)Generally,if charitable contributions are greater than the 50 percent adjusted gross income limitation,they can be carried back 2 years and then forward 5 years.
• D)Raffle tickets for a church drawing are deductible.

---

Definitions:

Simple Thinking

The process of reasoning or problem-solving in a straightforward, uncomplicated manner, often involving direct observation and practicality.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representativeness Heuristic

Judging the likelihood of things in terms of how well they seem to represent, or match, particular prototypes; may lead us to ignore other relevant information.

Algorithm

A fixed, step-by-step procedure or set of rules for solving a problem or accomplishing a task.