In year 1 (the current year), XYZ Corp. made a non-cash char…
In year 1 (the current year), XYZ Corp. made a non-cash charitable donation of $200,000 to the Adkerson School of Accounting (a qualifying charity). For the year, XYZ reported taxable income of $1,600,000 before deducting any charitable contributions, before deducting its $20,000 dividends received deduction, and before deducting its $50,000 NOL carryover from last year. a) What amount of the $200,000 donation is XYZ allowed to deduct for tax purposes in year 1? b) In year 2, XYZ did not make any charitable contributions. It reported taxable income of $300,000 before any charitable contribution deductions and before a $15,000 dividends received deduction. What book-tax difference associated with the charitable contributions will XYZ report in year 2? Is the difference favorable or unfavorable? Is it permanent or temporary?
Read Details19. A teacher at a public high school is required (by the…
19. A teacher at a public high school is required (by the school) to submit an annual report to her principal describing various teaching tasks she performed. In the report, she harshly criticizes some of the curriculum she is required to teach as “useless for student learning, and likely to do damage to their education.” She is disciplined by the administration for this criticism and claims this discipline violated her First Amendment rights. If a court finds that the teacher’s speech was (1) on a matter of public concern, but made (2) as part of her role as an employee, and not as a citizen acting outside of that employee role, how will a court evaluate the teacher’s claim that the public school’s disciplining of her for speech violated her First Amendment rights?
Read Details15. In Rice v. Paladin Enterprises, the plaintiffs sued t…
15. In Rice v. Paladin Enterprises, the plaintiffs sued the publisher of a manual, “Hit Man,” that was used by an actual hitman to commit a murder. What did the Fourth Circuit decide about whether the publisher received First Amendment protection and why?
Read Details17. In City of Ladue v. Gilleo, the Supreme Court had to…
17. In City of Ladue v. Gilleo, the Supreme Court had to decide if a town could impose a nearly complete ban on the display of signs in front yards of homes. Which of the following best describes the Court’s holding in that case?
Read Details14. If a person hangs an American flag from his apartment…
14. If a person hangs an American flag from his apartment window upside down, with a peace symbol affixed to it, in order to protest American military action, what will a court ask – under the “Spence test” from the case of Spence v. Washington – in order to determine whether such a display of the flag counts as “speech” under the First Amendment, and is thus protected against government restriction or punishment?
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