In the United States, gifts to a church are generally considered charitable contributions and are not subject to income tax for the donor. However, the donor may need to report the gift if it exceeds the annual gift tax exclusion limit, which is $17,000 per recipient in 2023. Any amount above this limit may require the donor to file a gift tax return, although it may not result in actual tax owed due to the lifetime gift tax exemption. It's advisable to consult a tax professional for specific guidance.
A gift from whom to whom? Gifts to individuals like a family member are not taxable to the person receiving it, but may be taxable to the giver in the form of gift taxes. If large sums are gifted, you need to get professional assistance as there are ways of avoiding gift taxes if set up correctly before they are gifted. Afterward, it's too bad.
250003 = 25000 x 25000 x 25000 = 15625000000000
15% of 25,000= 15% * 25000= 0.15 * 25000= 3,750
25000*25000=175000000
15% of 25000= 15% * 25000= 0.15 * 25000= 3750
Percent or percentage is equivalent to hundredths. 8% of 25000 is 25000 x 8/100 = 2000. 25000 + 8% of 25000 = 25000 + 2000 = 27000 NOTE : As 25000 is 100% then the problem can be solved by finding 108% of 25000. 25000 x 108/100 = 27000.
25000
25000
25000
33.33% of 25000= 33.33% x 25000= 0.3333 x 25000= 8332.5
2.3% of 25000= 2.3% * 25000= 0.023 * 25000= 575
25000/1