select the correct answer. which of these people will be eligible for a tax deduction? a. gareth, who gets…

select the correct answer. which of these people will be eligible for a tax deduction? a. gareth, who gets interest income from banks b. nancy, who gets dividends from stocks and mutual funds c. miles, who makes cash contributions to charities

select the correct answer. which of these people will be eligible for a tax deduction? a. gareth, who gets interest income from banks b. nancy, who gets dividends from stocks and mutual funds c. miles, who makes cash contributions to charities

Answer

Brief Explanations:

In general, cash contributions to charities are often tax - deductible. Interest income from banks and dividends from stocks and mutual funds are usually taxable income and not eligible for tax deductions.

Answer:

C. Miles, who makes cash contributions to charities