Which of the Following Is Unnecessary to Allow an Accrual-Method

question 105

Multiple Choice

Which of the following is unnecessary to allow an accrual-method corporation to deduct charitable contributions before actually paying the contribution to charity?

• A) Approval of the payment from the board of directors.
• B) Approval from the IRS prior to making the contribution.
• C) Payment made within three and one-half months of the tax year-end.
• D) All of the choices are necessary.

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Definitions:

Administrative Reason

A justification or cause related to management or procedural issues within an organization.

Merit Pay

A salary increase awarded to employees based on their job performance, used as a tool for motivation and encouragement of high performance.

Performance Appraisals

A systematic evaluation of an employee's performance in their job roles over a specific period.

Self-Appraisals

A process by which employees evaluate their own job performance and productivity, often as part of their performance review.