Question: This answer is incorrect. Please show me what I am doing wrong and what the correct answer is. During the current year, Maryssa reports AGI

 This answer is incorrect. Please show me what I am doing

This answer is incorrect. Please show me what I am doing wrong and what the correct answer is.

During the current year, Maryssa reports AGI of $190,000. As part of some estate planning, she donates $25,000 to her alma mater, Palomino University, and $60,000 to a private nonoperating foundation. (Assume the year is 2018.) Requirements a. What is the amount of Maryssa's charitable deduction for the current year? Assume the same facts in Part a except that she donates $35,000 to Palomino University. b. Requirement a. What is the amount of Maryssa's charitable deduction for the current year? Amount Charitable contribution for the year 30500 0 Charitable contributio carryover

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!