subject
Business, 19.10.2020 05:01 connerwoodle8941

Remsco has taxable income of $80,000 and a charitable contribution limit modified taxable income of $82,000. Its charitable contributions for the year were $8,300. What is Remsco's current-year charitable contribution deduction and contribution carryover? Multiple Choice

$8,300 current-year deduction; $0 carryover.

$8,000 current-year deduction; $300 carryover.

$8,200 current-year deduction; $100 carryover.

$200 current-year deduction; $8100 carryover.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:40
Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:
Answers: 3
question
Business, 22.06.2019 05:50
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
question
Business, 22.06.2019 07:50
In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?
Answers: 2
question
Business, 22.06.2019 18:50
Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answers: 3
You know the right answer?
Remsco has taxable income of $80,000 and a charitable contribution limit modified taxable income of...
Questions
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
Mathematics, 20.10.2020 20:01
question
English, 20.10.2020 20:01
Questions on the website: 13722360