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USCPA精選習題18：Regulation
關于堅持，堅持是所有事情成功的必要條件，沒有失敗只有堅持不下去，每次想放棄的時候告訴自己沒準就差倒計時一點堅持，奇跡真的會發生。正保會計網校為大家整理了USCPA：Regulation習題，希望大家利用好這些內容，能夠在有限的時間內提高自己成績。
Deet, an unmarried taxpayer, qualified to itemize current year deductions. Deet's adjusted gross income was $40,000 and he made a $2,500 substantiated cash donation directly to a needy family. Deet also donated art, valued at $10,000, to a local art museum. Deet had purchased the art work two years earlier for $2,000. What was the maximum amount of the charitable contribution allowable as an itemized deduction on Deet's current year income tax return?
A.$12,500
B.$2,000
C.$4,500
D.$10,000
【正確答案】D
Choice "d" is correct. The $2,500 donation is not deductible because it was made directly to the needy family rather than to a qualified organization. Because the artwork had been held for more than one year, the fair market value could be deducted. In this case, the $10,000 was within the taxpayer's limitation of $12,000 (30% of AGI of $40,000) for donations of appreciated property.
Choice "a" is incorrect. The $2,500 donation is not deductible because it was made directly to the needy family rather than to a qualified organization.
Choice "c" is incorrect. The $2,500 donation is not deductible because it was made directly to the needy family rather than to a qualified organization. Furthermore, the fair market value of the artwork could be deducted because it had been held for more than one year and that value fell within the 30% of AGI overall limitation for appreciated property.
Choice "b" is incorrect. The fair market value of the artwork could be deducted because it had been held for more than one year and that value fell within the 30% of AGI overall limitation for appreciated property.
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