If a Corporation's Charitable Contributions Exceed the Deduction Limitation in a Particular

question 67

Multiple Choice

If a corporation's charitable contributions exceed the deduction limitation in a particular year, the excess

• A)is not deductible in any future year.
• B)becomes a carryover to a maximum of five succeeding years.
• C)may be carried back to the third preceding year.
• D)is carried over indefinitely.

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Definitions:

Coercive Power

A form of power that is based on the ability to compel others to comply through threats or punishment.

Credibility

refers to the quality or power of inspiring belief; the capacity to be believed or trusted.

Unpleasant Consequences

Negative outcomes or effects that result from specific actions or decisions.

Personal Appeal

A leader's capacity to attract, engage, and influence others based on personal charisma, communication style, or interpersonal skills.