FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Bonnie’s charitable contributions and AGI for the four-year period are as follows: 2022 2023 2024 2025
AGI $50,000 $60,000 $58,000 $60,000
Contributions subject to the 60% limitation 40,000 39,000 25,000 10,000
What is the amount of the charitable deduction for each year and the order in which the deduction and carryovers are used?
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