Hugh Contributes a Painting to a Local Museum for Display

question 10

Multiple Choice

Hugh contributes a painting to a local museum for display.His AGI is $35,000.Hugh paid $16,000 for the painting in 2000,but its market value at the date of the contribution is $22,000.If Hugh makes the election to maximize the current year deduction,his deductible contribution for this year will be

• A)$10,500.
• B)$16,000.
• C)$17,500.
• D)$22,000.

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Definitions:

Position Power

The authority and influence bestowed upon an individual by virtue of their role or office within an organizational hierarchy.

Force Change

The act of compelling or driving a group, organization, or system to undergo significant transformation or adjustment.

Restraining Forces

Factors or forces that resist or oppose change within an organization, hindering progress or implementation of new ideas.

Unfreezing

The initial stage in the change process where existing behaviors, attitudes, or norms are challenged to facilitate change.