In Choosing a Cause-Related Program, a Company Should Focus On

question 146

Multiple Choice

In choosing a cause-related program, a company should focus on:

• A) causes that employees are involved with
• B) local community causes
• C) causes that are not supported by the company's primary competitors
• D) causes that relate to the company's business

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Definitions:

Luxury Automobile Limitations

Tax rules that cap the amount of depreciation or lease inclusion that can be deducted for high-cost vehicles.

Passenger Autos

Vehicles designed for personal use, including cars, vans, and some light trucks.

Section 179

A tax code provision allowing businesses to deduct the full purchase price of qualifying equipment or software within the tax year.

Schedule C

A tax form used by sole proprietors to report profits or losses from a business.