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WorksheetsPFL #14a Charitable Giving VOCAB
Total questions: 10
Worksheet time: 13mins
Name
Class
Date
1.
A legal organization providing services or activities without commercial or monetary gain; organized for purposes other than earning a profit.
a)
Charitable Giving
b)
Nonprofit Organization
c)
Cost/Benefit Analysis
d)
Tax Deduction
2.
A tool used to choose among alternatives involves weighing the cost(s) of a product or service against the benefit it will provide.
a)
Charitable Giving
b)
Gifts in-kind
c)
Cost/Benefit Analysis
d)
Tax Deduction
3.
The act of giving to charitable organizations or to those in need.
a)
Charitable Giving
b)
Gifts in-kind
c)
Cost/Benefit Analysis
d)
Nonprofit Organization
4.
An expense that a taxpayer can subtract from taxable income. Examples include deductions for home mortgage interest and for charitable gifts.
a)
Charitable Giving
b)
Gifts in-kind
c)
Tax Deduction
d)
Nonprofit Organization
5.
A non-cash contribution to a charitable organization which can be given a cash value.
a)
Cost/Benefit Analysis
b)
Gifts in-kind
c)
Tax Deduction
d)
Nonprofit Organization
6.
Someone who practices the act of giving.
a)
Philanthropy
b)
Creditor
c)
Philanthropists
d)
Lender
7.
The act of giving to others.
a)
Philanthropy
b)
Creditor
c)
Philanthropist
d)
Lender
8.
A person or organization that donates time, money, or gifts-in-kind.
a)
Recipient
b)
Donor
c)
Lender
d)
Creditor
9.
A person who receives items that have been donated.
a)
Recipient
b)
Donor
c)
Creditor
d)
Lender
10.
Allow you to subtract certain charitable contributions from you personal income taxes.
a)
Taxes
b)
Income
c)
Salaries
d)
Tax Deductions
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