Question: 23. LO.2 Sanchez incurred the following items: Business income Tax-exempt interest income Payment to charity from 2012 income, paid March 1, 2013 $80,000 40,000 20,000

23. LO.2 Sanchez incurred the following items:

Business income Tax-exempt interest income Payment to charity from 2012 income, paid

Business income Tax-exempt interest income Payment to charity from 2012 income, paid March 1, 2013 $80,000 40,000 20,000 Complete the following chart, indicating the charitable contribution deduction under the various assumptions. Assumption Sanchez is a cash basis individual. Sanchez is an accrual basis corporation. Sanchez is a trust. 2012 Deduction for Contribution

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