MsBjorn's Only Contribution This Year Was a Donation of Marketable

question 78

Multiple Choice

Ms.Bjorn's only contribution this year was a donation of marketable securities (FMV $600,000; tax basis $273,000) to a public charity.Her AGI was $814,000.Which of the following statements is true?

• A)Ms.Bjorn's charitable contribution deduction is limited to $407,000,and she has a $193,000 contribution carryover to future years.
• B)Ms.Bjorn's charitable contribution deduction is $273,000.
• C)Ms.Bjorn's charitable contribution deduction is limited to $407,000.The $193,000 nondeductible amount will never result in a tax benefit.
• D)Ms.Bjorn's charitable contribution deduction is $600,000.

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Definitions:

Power-Dependence Framework

A theory emphasizing the relational aspect of power, suggesting that the power of entity A over entity B is dependent on B's reliance on A for resources or outcomes.

Micro-Macro Levels

A distinction in sociology between individual (micro) behaviors and broader social processes and structures (macro).

Normative Orientations

The attitudes, beliefs, and values that inform how individuals ought to behave in social contexts, often guiding moral or ethical decisions.

Differentiation

The process of becoming or making something different, in sociology, it refers to the development of increasingly specialized roles and institutions within a society.