Thursday, October 17, 2019

During 2016​, Dean incurs the following deductible​ expenses: $1,400 in state income​ taxes, $2,900 in local property​ taxes

During 2016​, Dean incurs the following deductible​ expenses: $1,400 in state income​ taxes, $2,900 in local property​ taxes, $3,400 in medical​ expenses, and $2,100 in charitable contributions. Doug is​ 33, single, has no​ dependents, and has $48,000 AGI for the year.


PI:7-54
In each of the following independent cases, determine the amount of the charitable contribution and the limitation that would apply. In each case, assume that the donee is a qualified public charity.

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