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Should the labor we donate when we volunteer be deductible

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Reference no: EM131241554

Accounting

Purpose:

Many Americans are very generous donating their time, money, or goods. We learned how to handle the donations that have a monetary VALUE? this week from chapter 6. What about the labor we donate when we volunteer? Should this be deductible? How would it be calculated? What would be the advantages and disadvantages? (Course Objective 1, Learning Objective 6-2)

Directions:

You are required to make an initial post that answers the questions below by Tuesday. PLEASE PROOF your work before posting. Make sure it is professional and represents your best effort. You will not be able to see the posting of your peers until you make your post. After that, please read the posts of your classmates and reply in a meaningful way to at least 2 by Friday. Reply comments that only say "I agree" or "Awesome" will lose points. You are strongly encouraged to look at the rubric grading below to see how your entry and replies will be scored. On Saturday and Sunday, please check the discussion board again and reply to your instructor if your instructor commented on your post and your peers if they asked you any questions.

Please answer the following questions in your initial post:

Should the labor we donate when we volunteer be deductible? How would it be calculated? What would be the advantages and disadvantages?

Reference no: EM131241554

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