Which of the Following Gifts in a Will Would Be

question 6

Multiple Choice

Which of the following gifts in a will would be considered charitable?

• A) A gift to campaign for the abolition of abortion.
• B) A gift to publish the manifesto of the Socialist Workers Party at the next general election.
• C) A gift to provide books for residents of The Bishop's Avenue in London (a street which is considered to be one of the wealthiest streets in the world).
• D) A gift to pay the university fees of the testator's poor relatives.

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Definitions:

Sales Price

The sum of money that a purchaser spends to acquire a product or service from a vendor.

Contribution Margin

The revenue remaining after deducting variable costs, which can be used to cover fixed costs and contribute to profit.

Variable Costs

Costs that change in proportion to the level of production or business activity.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a reasonable scale.