Describe how a business charitable contribution is treated for tax purposes if the business owner is:
A sole proprietor
A 100% corporate shareholder
A partner in a partnership
A 100% S corporation shareholder
In addition, provide an example of:
A requirement of a qualified charitable contribution
How the different rules might affect a decision to make a charitable contribution
Guidelines for Submission:Scenario assignments must follow these formatting guidelines: double spacing, 12-point Times New Roman font, one-inch margins, and citation sin APA format.Page length requirement: 1–2 pages.