With Respect to Charitable Contributions by Corporations, All of the Following

question 221

Multiple Choice

With respect to charitable contributions by corporations, all of the following rules apply with the exception of

• A) unused contributions are carried forward 5 years.
• B) contributions are limited to 10% of taxable income, computed without regard to the charitable contribution deduction, NOL and capital loss carrybacks, or the dividends- received deduction.
• C) accrual- basis corporations may accrue a contribution deduction in the year preceding payment if the board of directors authorizes such payment prior to the end of the tax year, and the payment is actually made within two and one- half months following the end of the tax year.
• D) the amount of the contribution deduction is always the adjusted basis of the property contributed.

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Definitions:

Behavioral Treatment

A range of therapeutic interventions aimed at modifying maladaptive behaviors through learning principles, such as reinforcement, to improve mental health and functionality.

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Birds that are kept in captivity inside cages, often as pets, which may impact their behavior and physical health.

Modeling

Process of learning behaviors by imitating others, especially authority figures or people like oneself.

Behavioral Treatment

A range of therapies designed to change harmful behaviors using reinforcement and cognitive techniques.