2016年美国CPA练习题精选：Regulation 18

Moore, a single taxpayer, had $50,000 in adjusted gross income for the year. During the year she contributed $18,000 to her church. She had a $10,000 charitable contribution carryover from her prior year church contribution. What was the maximum amount of properly substantiated charitable contributions that Moore could claim as an itemized deduction for the current year?

a. $28,000

b. $10,000

c. $25,000

d. $18,000

答案：C

Explanation

Choice "c" is correct. The contribution limit for a church is 50% of the contribution base (adjusted gross income in this case). Moore's contribution limit for the current year is 50% × $50,000 = $25,000. Against this limit she can take her current year contributions ($18,000) plus the prior year carry-over ($10,000) until she reaches the current year limit. Therefore, she can take all the current year contributions plus $7,000 of the carryover for a $25,000 total.

Choice "b" is incorrect. Moore is not limited to her prior year charitable contribution carryover.

Choice "d" is incorrect. Moore may use part of her prior year charitable contribution carryover.

Choice "a" is incorrect per the explanation above.