1. If you are filing your tax return as an individual, you will need to itemize your taxes if
(1 point)
the sum of your deductible contributions is less than $300.
the sum of your deductible contributions exceeds $300.
you don’t have any deductible contributions.
you donated to a religious institution.
2. What does the CARES Act allow regarding charitable contributions?
(1 point)
It allows the government to tax your charitable contributions.
It allows you to deduct $300 in charitable contributions.
It allows you to create a 501(c)(3) organization.
It allows you to deduct the price of merchandise you buy from charities.
3. What does the IRS stand for?
(1 point)
Internal Revenue Service
International Revenue Service
Internal Reward Service
Internal Revenue Society
4. Which is an example of a financial institution?(1 point)
a government regulatory agency of money
the IRS
a group of investors
a retail or commercial bank
5. What does it mean when a bank is FDIC insured?(1 point)
It has insurance on the building.
It has insurance on its investments.
It guarantees that you won't lose all of your money.
It is one of the top 100 banks in the world.
2 answers
It allows you to deduct $300 in charitable contributions.
Internal Revenue Service
a retail or commercial bank
It guarantees that you won't lose all of your money.
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11 answers