Friday, May 3, 2024
Charitable Deduction Methods

6.1.3 Basic Quiz -- Computing Actuarial Values - IRS Publications 1457, 1458 and 1459
IRS publication 1457 is entitled "Book 3A."
     True      False
Table S in Book 3A is used to determine the present value of life estates and annuities.
     True      False
Table H of Book 3A is used to reference income tax rates.
     True      False
Book 3A contains a total of 16 tables.
     True      False
Book 3B, IRS publication 1458, is used to compute actuarial values for charitable remainder unitrusts.
     True      False
Table D of Book 3B lists the factors for determining the future value of a one-life annuity trust.
     True      False
Table 2000CM is contained in Book 3B.
     True      False
All of the factors in the Book 3B tables reflect annual compounding of interest.
     True      False
IRS publication 1459 is known as "Book Cato."
     True      False
Book 3C is used to calculate depreciation adjustment factors.
     True      False



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