Corporations Are Allowed a Deduction for Charitable Contributions, Limited to 10

question 32

True/False

Corporations are allowed a deduction for charitable contributions, limited to 10 percent of taxable income before the deduction.

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Definitions:

Prejudice

Preconceived opinion or bias against an individual or group without sufficient knowledge, thought, or reason.

Immigration Act

Legislation governing the conditions under which non-citizens can enter, reside in, or obtain citizenship in a particular country, often subject to frequent changes.

National Origins Act

A set of United States immigration laws enacted in the 1920s that limited the number of immigrants allowed entry into the U.S. through a national origins quota.

Equitable

Fair and impartial treatment of all individuals, especially in terms of resource distribution and opportunities.