Rico a single taxpayer, makes $5,000 of cash donations in 2022. His standard deduction exceeds his itemized
Question:
Rico a single taxpayer, makes $5,000 of cash donations in 2022. His standard deduction exceeds his itemized deductions including the contribution. What amount will Rico deduct for charitable contributions? His AGI in 2022 is $48,000.
a. $300
b. $5,000
c. $4,800
d. $0
e. $48,000
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Related Book For 
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
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