8. Contributions to organizations like United Way and the American Cancer Society are tax-deductible: For each...

8. Contributions to organizations like United Way and the American Cancer Society are tax-deductible: For each dollar contributed, a person's tax liability decreases by $0.15 to $0.31. Explain the rationale for this tax policy

Expert Solution

Answer, The intent at the back of the action coverage is simple; the man or woman whosoever donates a dollar intention stay rewarded for contributing for charitable causes. This ought to lie associated in imitation of fixes because the free rider problems. The agencies choice decrease the person’s difficulty indebtedness then the contributors desire experience so she are gaining some thing beside donating. Another rationale because of why groups are agitation deductible is also find greater attention because their organizations, that choice reason more humans in conformity with arrive interested into their companies due to the fact they sense as they are being from contributing yet benefiting beyond donating in conformity with the organization. stability The predominant purpose for the tax-deductible then contributing is due to the fact it corporations are based regarding voluntary contributions therefore he pleasure necessity in imitation of attract buyers to give for theirs organization. The agitation deductible intention additionally purpose attention from broad riders, sincerely due to the fact those suppose he intention gain from the difficulty deductible. longevity.

Rahul Sunny answered 2 years ago

What are some ways that non-profit organizations like United Way raise money?

E13.17 Contributions Received on Behalf of Others The United Way receives contributions and distributes them to...

E13.17 Contributions Received on Behalf of Others The United Way receives contributions and distributes them to other NFP organizations. Some of its transactions for the current year are as follows: 1. Donors contribute $5 million, designated to specific unaffiliated NFP organizations. $3 million of this money is distributed according to donor wishes during the current year. 2. Donors contribute $2 million, to be distributed to unaffiliated NFP organizations selected by United Way. United Way distributes $1.8 million of these donations...

1. Match the following ____ Individual retirement arrangements in which contributions are not tax deductible and...

1. Match the following ____ Individual retirement arrangements in which contributions are not tax deductible and income but the future income and capital gains within these accounts are not taxed if the money is withdrawn after age 59 1/2. ____ Ordinary corporate operating losses can be carried forward indefinitely to offset taxable income in a given year. ____ Indicates the extent to which current liabilities are covered by those assets expected to be converted to cash in the near future....

Go to the web site of the American Cancer Society and look at their 2014 financial...

Go to the web site of the American Cancer Society and look at their 2014 financial statements. http://www.cancer.org/aboutus/whoweare/financialinformation/combinedfinancialstatements/2014-combined-financial-statements 1) Calculate their two going concern ratios.

According to a report by the American Cancer Society, more men than women smoke and twice...

According to a report by the American Cancer Society, more men than women smoke and twice as many smokers die prematurely than nonsmokers. In random samples of 200 males and 200 females, 62 of the males and 54 of the females were smokers. • Is there sufficient evidence to conclude that the proportion of males who smoke is greater than the proportion of females who smoke? α = .01 • Calculate the p-value associated with the test

Do you expect to benefit from the research efforts sponsored by the American Cancer Society? Do...

Do you expect to benefit from the research efforts sponsored by the American Cancer Society? Do you contribute? If you answered “Yes,” then “No,” does this make you a free rider?

4. A study has been carried out to compare the United Way contributions made by clerical...

4. A study has been carried out to compare the United Way contributions made by clerical workers from three local corporations. A sample of clerical workers has been randomly selected from each firm, and the amounts of their contributions are as follows (in 000). Firm 1 Firm 2 Firm 3 199 108 162 236 104 86 167 153 160 263 218 135 254 210 207 96 201 a. What are the null and alternative hypotheses for this test? b. Use...

A study has been carried out to compare the United Way contributions made by university professors...

A study has been carried out to compare the United Way contributions made by university professors from four universities. A sample of 15 professors from each university is selected. The dollar amounts of their contributions are shown below. University 1 University 2 University 3 University 4 200 119 179 115 257 136 409 238 194 278 536 159 296 356 105 118 278 135 321 149 342 237 357 175 212 496 519 207 396 238 188 312 403 512...

Assume the government would like to create a more healthy society as a way to lower...

Assume the government would like to create a more healthy society as a way to lower insurance premiums. In order to do this they have decided to tax cigarettes. Show using indifference mapping the change in consumer optimization. You may assume the “other goods” as an axis on each graph.

To talk about the rich, the poor, and the way society is economically stratified sounds like...

To talk about the rich, the poor, and the way society is economically stratified sounds like the job of economists. Why should sociologists be interested in stratification? How does a better understanding of stratification potentially contribute to the well-being of society?

Question