A taxpayer with a Federal AGI of $100,000 makes $60,000 in cash contributions to charity. What is
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A taxpayer with a Federal AGI of $100,000 makes $60,000 in cash contributions to charity. What is the size of the adjustment to add back taxable income on the State return? $0; The State conforms to the percentage of AGI for charitable contributions. $10,000; The State limits the charitable contributions to 50% of AGI, not 60%. $30,000; The State limits the charitable contributions to 30% of AGI, not 60%. $60,000; The State does not allow charitable contributi.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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