Sanchez incurred the following items. Business income $80,000 Tax-exempt interest income 40,000 Payment to charity from 2014

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Sanchez incurred the following items.

Business income                                                                     $80,000
Tax-exempt interest income                                                      40,000
Payment to charity from 2014 Sanchez gross income,
    paid 3/1/15                                                                           20,000

Complete the following chart, indicating the charitable contributions deduction under the various assumptions.

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Related Book For  book-img-for-question

South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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