DONOR's Tax Multiple Choice Question (1)

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Transcript of DONOR's Tax Multiple Choice Question (1)

DONORS TAX MULTIPLE CHOISE QUESTIONS1. An act of libet! "#eeb! one $i%&o%e% 'at(ito(% of a t#in' o i'#t in fa)o of anot#e "#o acce&t% it*a. S(cce%%ion c. Donationb. Occ(&ation $. Ta$ition C+. A ta, i-&o%e$ on t#e 'at(ito(% tan%fe of &o&et! bet"een t"o o -oe &e%on "#o ae li)in' at t#e ti-e t#e tan%fe i% -a$ea. E%tate ta, c. Inco-e ta,b. .ift ta, $. Tan%fe ta, /0. T#e 'ift ta, i% i-&o%e$ on t#e tan%fe of &o&et! 1not on t#e &o&et! it%elf2 "#ic# i% "#! it #a% been %(%taine$ a% a 1an2a. Entit! t#eo! c.Cone% ta,b. Po&et! Ta, $.Poll ta, A3. A $onation -a$e b! a %toc4#ol$e to a co&oation i% %(b5ect to $ono% ta, beca(%e of t#e follo"in' &inci&le%6 e,ce&ta. Entit! t#eo! c./ene7t ecei)e$ &inci&leb. Lifebloo$ t#eo! $.Ta, bene7t (le D8. 9#at i% t#e ta, i-&lication if a co&oation con$one% t#e $ebt of a %toc4#ol$e beca(%e of a 'oo$ t#in' $one b! t#e latte to t#e co&oationa. T#e con$onation i% ba%e$ on t#e libealit! of t#e co&oation: t#eefoe6 it i% %(b5ect to $ono% ta,.b. T#e con$onation i% %(b5ect to $ono% ta, on t#e co&oation beca(%e it i% ba%e$ on it% libealit!.Moeo)e6 it i% e;(i)alent to a &a!-ent of $i)i$en$ to t#e %toc4#ol$e "#ic# i%6 t#eefoe6 %(b5ect to a $i)i$en$ ta, of 1