Which of the Following Is a True Statement

question 88

Multiple Choice

Which of the following is a True statement?

• A) The deduction of cash contributions to public charities is limited to 30 percent of AGI.
• B) The deduction of capital gain property to private nonoperating foundations is limited to 50 percent of AGI.
• C) The deduction of capital gain property to public charities is limited to 20 percent of AGI.
• D) The deduction of cash contributions to private nonoperating foundations is limited to 30 percent of AGI.
• E) None of the choices are True.

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