The student applies mathematical process standards to demonstrate an understanding of charitable giving. The student is expected to demonstrate an understanding of the value and benefits of charitable giving.
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Q 1/3
Score 0
What is a charity?
300
Any organization that has a primary goal of advancing some public good.
A non-profit organization given tax-exempt status.
Any non-profit that can show they meaningfully contribute to society.
Q 2/3
Score 0
How does donating to a qualified charity help you financially?
300
The donation does not actually benefit you financially at all - you spent money and got nothing for it.
The donation, up to a certain amount, can be used as a deduction on taxes, thereby lowering your tax liability for the year.
The donation is used to benefit a cause that you are passionate about, and is therefore a good use of your money.
3 questions
Q.
What is a charity?
1
300 sec
130.180.F.14
Q.
How does donating to a qualified charity help you financially?
2
300 sec
130.180.F.14
Q.
Adam donates $10,000 to his qualified charity in the current tax year. Bill donates his new car to the same charity. The current market value of the car is $10,000. Who can claim a larger deduction?
