Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a taxpayer requests their employer to pay 5% of th

A taxpayer requests their employer to pay 5% of their salary directly to a charitable...

80.2K

Verified Solution

Question

Accounting

A taxpayer requests their employer to pay 5% of their salary directly to a charitable organization. The taxpayer will not exclude this amount from their gross income. Instead, they will include their entire salary in gross income and will be entitled to a charitable deduction for the amount paid to the charity. The principle that dictates this treatment is the:

a. return of capital principle.

b. wherewithal to pay.

c. assignment of income doctrine.

d. charitable directive principle.

e. constructive receipt doctrine.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Point Y is a centroid for every problem Solve for the missing segment 1 Find...

Geometry
Q

Safranin Nigrosin Crystal violet lodine Question 7 Organisms of the Kingdom Protista are mostly microscopic...

Biology
Q

are placed on top of each other on a horizontal table If the mass of...

Physics
Q

Suppose 9000 is invested at 5 interest compounded continuously How long will it take for...

Basic Math
Q

Held-to-maturity securities are reported at their: fair value. net realizable value. historical...

Accounting
Q

Gary Quincy wants to withdraw $31,500 each year for 10 years from a fund that...

Accounting
Q

The Gryffin Company started operations this year and reported the following information at the end...

Accounting
Q

Checkr 5 Dan Dayle started a business by issuing an $86,000 face value note to...

Accounting
Q

Question 2: Based upon what you know about compound growth and loan calculations, make some...

Finance
Q

Vandalay Industries is considering the purchase of a new machine for the production of latex....

Finance
Q

Cooperative businesses are certain kinds of businesses. They are businesses in which all workers are...

Finance
Q

List the various gas - liquid mass transfer operations with suitable example and explain its...

Accounting