A Decrease in a Taxpayer's AGI Could Decrease the Amount

question 89

True/False

A decrease in a taxpayer's AGI could decrease the amount of charitable contribution that can be claimed.

---

Definitions:

Ordinary Course

Activities that are considered part of the usual operations of a business or organization.

Partners Agree

The mutual consensus among all partners in a business venture on a particular decision, action, or strategy.

Sole Authority

Exclusive power or right to decide, direct, or manage something without needing approval or consent from others.

Partnership

is a legal form of business operation between two or more individuals who share management and profits.