Charitable Contributions Made by a Fiduciary

question 31

Multiple Choice

Charitable contributions made by a fiduciary

• A)are limited to 50% of fiduciary income.
• B)must be authorized in the trust instrument in order to be deductible.
• C)flows through to be deducted on the beneficiary's tax return.
• D)are subject to the 2% floor.

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Definitions:

Frequency Distribution

A summary of data showing the number or frequency of observations in each distinct category or interval.

Partial Correlation Coefficient

The partial correlation coefficient measures the strength and direction of a relationship between two continuous variables while controlling for the effect of one or more other variables.

InteRater Reliability

A measure of agreement among different people (raters) evaluating or observing the same phenomenon.

Standard Deviation

A statistical measure that represents the dispersion or variability within a data set, indicating how spread out the numbers are from the mean.