Triangle Associates Is Contemplating Making a Large Charitable Contribution

question 87

Multiple Choice

Triangle Associates is contemplating making a large charitable contribution.If their tax rate is 35 per cent,what is the after-tax cost of making a $20 000 contribution?

• A) $27 000
• B) $ 7000
• C) $20 000
• D) $13 000

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Definitions:

Nutrients

Substances obtained from food that are essential for maintaining health and growth, including vitamins, minerals, carbohydrates, and proteins.

Fiber

Dietary material containing substances such as cellulose, which are resistant to the action of digestive enzymes and are important for bowel health.

Vitamins

Organic compounds that organisms need in small amounts for various biochemical functions and are essential for normal growth and metabolism.

Bile Salts

Components of bile, which aid in the digestion and absorption of fats in the small intestine.