Pat and Joy Are Considering Contributing $5,000 to Their Church

question 153

Multiple Choice

Pat and Joy are considering contributing $5,000 to their church.This contribution will bring their total itemized deductions to $10,000.Assuming they are in the 15% marginal tax bracket,how much will they save in taxes by contributing this $5,000 to their church?

• A)$0
• B)$150
• C)$300
• D)$500
• E)$1,000

---

Definitions:

Wrongful Dismissal

The act of terminating an employee's contract of employment in violation of the law or an employment agreement.

Constructive Dismissal

A situation where an employee resigns due to the employer creating a hostile or untenable work environment, effectively forcing the resignation.

Preventative Dismissal

Discharge of an employee from their role in anticipation of potential problems or as a precautionary measure to prevent future issues.

Suggestion Systems

A formal mechanism within organizations for employees to propose ideas or improvements, often aimed at increasing efficiency or solving problems.