User Account

All Pages

What is ralph charitable contribution deduction

Assignment Help Accounting Basics
Reference no: EM132040614

Question - During the current year, Ralph made the following contributions to the University of Oregon(a qualified charitable organization):

Cash $63,000

Stock in Raptor, Inc. (a publicly traded corporation) $94,500

Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Ralph's AGI for the year is $189,000. What is Ralph's charitable contribution deduction for the current year? How much will be carried forward and what percent of AGI for the next year will be applied as the limitation? Show your computations.

Reference no: EM132040614

Questions Cloud

Blue shoe use as the annual estimated sales revenue : What amount should Blue Shoe use as the annual estimated sales revenue when it analyzes the addition of sandals to its lineup?
Kind of industries does localization strategy make sense : In what kind of industries does a localization strategy make sense?
Explore ways that you can use evidence-based management : Create a visual presentation that you would deliver to your manager on the advantages of EBMgt and how you would use it to support a recommended change.
Determine the maximum cost recovery deduction rustin claim : Rustin's taxable income would not create a limitation for purposes of the 179 deduction. Determine the maximum cost recovery deduction Rustin can claim
What is ralph charitable contribution deduction : Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. What is Ralph's charitable contribution deduction
Action plan to take a company lean and green : Explain how to develop a 90-day Corporate Social Responsibility action plan to take a Company lean and green?
Explain the influence of governance and ethics : Explain the influence of Governance and Ethics. Discuss the Company Social Value. Discuss Innovation and Diversification.
How many units of the special lamp and regular lamp : How many units of the special lamp and regular lamp should be produced per production period in order to maximize the profit?
What view is most useful to your company and why : Compare and contrast two sets of alternative views, illuminating the reasons for the distinctions.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd