Which of the Following Statements Regarding Charitable Contributions Is False

question 106

Multiple Choice

Which of the following statements regarding charitable contributions is false?

• A) Only contributions made to qualified charitable organizations are deductible.
• B) Charitable contribution deductions are subject to a limitation based on the corporation's taxable income (before certain deductions).
• C) Corporations can qualify to deduct a contribution before actually paying the contribution to the charity.
• D)The amount deductible for non-cash contributions is always the adjusted basis of the property donateD.Depending on the nature of the property, the amount deductible for a contribution can be the fair market value of the contributed property.

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Definitions:

Hygiene Factors

Elements related to the work environment that can lead to job dissatisfaction if absent but do not necessarily motivate if present, as described in Herzberg's motivation theory.

Lower-Level Needs

Basic physiological and safety needs in Maslow's hierarchy that must be satisfied before higher-level psychological needs.

Motivation

The method that starts, directs, and sustains actions aimed at achieving goals.

Needs-Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love, esteem, and self-actualization, in that order.