Which of the Following Is a True Statement

question 29

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.

---

Definitions:

Stock Purchase Plans

Programs offered by companies allowing employees to purchase company stock often at a discount, as part of their benefits package.

Gainsharing

A performance-based compensation strategy where employees receive financial rewards based on improvements in the company's productivity or performance metrics.

Group Incentive

A reward or compensation given to a team or group based on their collective performance or achievements.