Question: ***Please show all steps and calculations for the given problem and answer for a good rating*** Patrick has an adjusted gross income of $120,000 in

***Please show all steps and calculations for the given problem and answer for a good rating***

***Please show all steps and calculations for the given problem and answer

Patrick has an adjusted gross income of $120,000 in the current year. He donated $62,000 in cash to a public charity, capital gain property with a basis of $15,000 and a fa market value of $35,000 to a public charity, and publicly traded stock with a basis of $12,000 and a fair market value of $25,000 to a private nonoperating foundation. Patrick deductible contribution for the current year is Correct Answer $62,000 in cash to the public charity, $10,000 in property to the public charity, and \$0 stock to the private nonoperating foundation

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