1.     A taxpayer may deduct certain amounts contributed to qualified charitable organizations in the form of cash, property, or certain partial interests in property.

(True/False).

 

2.  An exempt organization is a charitable organization that qualifies to receive charitable contributions that are deductible for income tax purposes. (True/False).

 

3.  Outright gifts can only consist of cash contributions to charity. (True/False).

 

4.  All of the following organizations are 60% deduction limit charities, EXCEPT:

 

a.            a medical research organization associated with a hospital

b.            a governmental unit

c.             certain private foundations

d.            veterans' groups

These are multiple choice