Daniel runs a successful charity that helps families who get robbed while living inlow-income housing. Each year, his organization spends approximately $2,500 onfundraising activities. Last year, he was able to raise $32,000. What is his charity'sefficiency rating?8.4%78%92%$2,500O$29,500

We are given:Amount raised for charity = $32,000Expenses incurred for fundraising = $2,500We have to…

Answered: Daniel runs a successful charity that…

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter10: Deductions And Losses: Certain Itemized Deductions

Section: Chapter Questions

Problem 12DQ

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Daniel runs a successful charity that helps families who get robbed while living low-income housing. Each year, his organization spends approximately $2,500 on fundraising activities. Last year, he was able to raise $32,000. What is his charity's efficiency rating? 8.4% 78% 92% $2,500 $29,500