The tax credit for charitable donations is limited to$75\%$ of the individual$$ taxpayer's federal income tax payable.

Question content area bottom

Part $1$

A$.$

False because there is no limit to claims for charitable donations.

B$.$

False because claims for annual charitable donations are based on the individual$$ taxpayer's net income for the year.

C$.$

True because the limit for annual charitable donations is based on the$$ year's federal income tax payable.

D$.$

False because claims for annual charitable donations are based on the individual$$ taxpayer's employment income