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Contributions to Public Charities in Excess of 50% of AGI

question 66

True/False

Contributions to public charities in excess of 50% of AGI may be carried back 3 years or forward for up to 5 years.


Definitions:

Confirmation Bias

The habit of looking for, understanding, preferring, and remembering information that validates one's existing views or theories.

Factor Analysis

A statistical procedure that identifies clusters of related items (called factors) on a test; used to identify different dimensions of performance that underlie a person’s total score.

Algorithms

Step-by-step procedures or formulas for solving problems, often employed in the fields of mathematics and computer science.

Availability Heuristic

A cognitive shortcut that depends on the first examples that spring to mind when one assesses a particular topic, concept, strategy, or choice.

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