1. Look at the Form 1040 you prepared for Martin and Norma. What is the amount on Form 1040, Line 40?

A. $ 11,200.
B. $ 11,607.
C. $ 10,915. 
D. $ 11,294.

2. Look at the Form 1040 you prepared for Martin and Norma. What is the amount on Form 1040, Line 73a?

A. $ 810.
B. $ 515.
C. $ 855. 
D. $ 860.

3. If you make any non-cash contribution, you must get and keep a receipt from the charitable organization showing

A. The name of the charitable organization.
B. The date and location of the charitable contribution.
C. A reasonably detailed description of the property.
D. All of the above.

4. If you make any non-cash contributions, you must get and keep a receipt from the charitable organization. However, you are not required to have a receipt where it is impractical to get one (for example, if you leave property at a charity's unattended drop site).

True False

5. Generally, only five types of organizations can be qualified organizations to receive deductible contributions. A community chest, corporation, trust, fund, or foundation organized or created in or under the laws of the United States, any state, the District of Columbia, or any possession of the United States (including Puerto Rico). It must be organized and operated only for

A. Religious or charitable purposes.
B. Educational, scientific or literary purposes.
C. Purposes of prevention of cruelty to children or animals and organizations that foster amateur sports competition.
D. Any of the above.

6. The deduction for travel expenses will be denied if you enjoy providing services to the charitable organization.

True False

7. Generally, you can claim a charitable contribution deduction for travel expenses necessarily incurred while you are away from home performing services for a charitable organization only if there in no significant element of personal pleasure, recreation, or vacation in the travel.

True False

8. You take a deduction for clothing or household items you donate even if the clothing or household items are not in good used condition unless you deduct more than $500 for it and include a qualified appraisal of it with your tax return.

True False

9. If you contribute property with a fair market value that is less than your basis in it,

A. You can claim a deduction for the the difference between the property's basis and its fair market value.
B. You can claim a deduction for the property's fair market value.
C. Your deduction is limited to its fair market value.
D. All of the above.

10. You donate stock that you held for 5 months to your church. The fair market value of the stock on the day you donate it is $1,500, but you paid only $975 (your basis). Your charitable contribution deduction is

A. $ 1,000.
B. $ 975.
C. $ 800.
D. $ 1,500.

11. You donate a used car in poor condition to a local high school for use by students studying car repair. A used car guide shows the dealer retail value for this type of car in poor condition is $1,800. However, the guide shows the price for a private party sale of the car is only $ 950. The fair market value of the car is considered to be

A. $ 1,800.
B. $ 1,600.
C. $ 750.
D. $ 950.

12. You own an antique car that you contribute to a museum. You give up ownership, but retain the right to keep the car in your garage with your personal collection. You

A. Cannot deduct the contribution because you keep an interest in the property.
B. Can deduct the contribution because you contributed it to the museum.
C. Can deduct the contribution because you promised to turn the car over to the museum in later years.
D. None of the above.

13. You donated land to a city for as long as the city uses it for a public park. The city does plan to use the land for a park and there is no chance (or only a negligible chance) of the land being used for any different purpose. You

A. Cannot deduct the land because there is a negligible chance the land will be used for a different purpose.
B. Can deduct your charitable contribution.
C. Cannot deduct the land because your requirement that it be used as a park is in your own interest.
D. Cannot take the deduction because your contribution is conditional.

14. A carryover of a contribution to a 50% limit organization must be used before contributions in the current year to organizations other than 50% limit organizations.

True False

15. You must keep records to prove the amount of the contributions you make during the year. The type of records you must keep depends on the amount of contribution and if they are

A. Cash contributions.
D. Non-cash contributions.
C. Out-of-pocket expenses when donating your services.
D. Any of the above.

16. An organization generally must give you a written statement if it receives a payment from you that is more than $75 and is partly a contribution and partly for goods or services.

True False

17. A donation or gift to, or for the use of, a qualified organization. It is voluntary and is made without getting, or expecting to get, anything of equal value.

A. A qualified contribution.
B. A charitable contribution.
C. A benefit trade.
D. A cash contribution.

18. For contributions not made in cash, the records you must keep depend on whether the contribution is less that $250, at least $250 but not more than $500, over $500 but not more than $5,000 or over $5,000.

True False

19. For a contribution not made in cash, the records you must keep for this contribution includes obtaining a qualified written appraisal of the donated property from a qualified appraiser.

A. For a contribution that is less than $250.
B. For a contribution that is at least $250 but not more than $500.
C. For a contribution that is over $500 but not more than $5,000.
D. For a contribution that is over $5,000.

20. You may be able to deduct contributions to foreign charitable organizations that are covered under an income tax treaty with the United States. Charitable contributions may be deductible to qualified organizations in Canada, Mexico and Israel. To deduct your contribution to organizations in these countries, you generally must  have

A. Income from sources in Canada.
B. Income from sources in Mexico.
C. Income from sources in Israel.
D. Income from sources in any of the above countries.