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WorksheetsDave Ramsey Chapter 12 - Giving
Total questions: 16
Worksheet time: 20mins
Which of the following should be a consideration when selecting a nonprofit to which you'd like to contribute?
How well-run the organization is
Your values and beliefs
The charity's commitment to accountability and transparency
All of the above
Which of the following is not one of the Five Foundations?
Pay cash for your car
Build your credit
Build wealth and give
Save a $500 emergency fund
Which of the following statements is false?
Giving to others should always be in the form of money.
Before you can truly help others, you've got to know what is really important to you.
Knowing what you value will help you select a charitable organization to serve.
Despite what our culture says, you are unique.
Which of the following is a way that giving to others can benefit you?
Giving can help you build relationships.
Giving to others can give you a sense of purpose and fulfillment.
Sacrificing your money, time, and talents creates a legacy.
All of the above.
When considering donating to charity:
you can start giving your time, money or talents now.
you should wait and see what your friends are willing to give.
if you are considering tutoring or giving lessons, you should first have a college degree.
you should first have a large income.
The Five Foundations:
are optional steps for basic money management.
are a way of establishing a high credit rating.
are the beginner steps for establishing and maintaining financial peace.
are unnecessary steps since most Americans are naturally good money managers.
Your budget should include all of the following except:
lending money to friends
saving
giving
spending
Which of the following statements is false?
A gift to a qualified charitable organization may entitle you to a tax deduction.
You should document your charitable contributions for tax purposes.
All charitable organizations qualify for a charitable contribution deduction.
A contribution to a qualified charity is deductible in the year in which it is paid.
Your primary motivation for giving should be:
tax deductions
what others will think of you
whether or not your friends are doing it
the simple desire to help others
Delaying the act of giving will make giving less likely in your future.
True
False
Means "love of humanity"; identifying and exercising one's values in giving and volunteering.
Caregiver
Philanthropy
Organizations that use money raised to achieve their goals rather than distributing them as profit
nonprofits
fundraisers
Traits or qualities that represent an individual's highest priorities, deeply held beliefs and motivating forces; one's guiding principles
rules
core values
A reduction in the gross amount on which a tax is calculated; reduced taxes by the percentage fixed for the taxpayer's income bracket
tax deduction
tax expense
To give money, food or other help to a country or organization that needs it
aid
voluntary
Someone who gives money or goods to an organization
donor
provider
