Craig donated
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Q: [The following information applies to the questions displayed below.] Calvin reviewed his canceled…
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Q: vi.3
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Q: Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which…
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Q: Calvin reviewed his cancelled checks and receipts this year for charitable contributions, which…
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Q: Calvin reviewed his canceled checks and receipts this year (2022) for charitable contributions,…
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Craig donated to all the following nonprofit organizations in 2022. What is his allowable deduction for charitable gifts on Schedule A?
Organization |
Amount |
Catholic Church |
$100 |
Young Republicans of America |
$120 |
National FFA Organization |
$50 |
People for the Ethical Treatment of Animals (PETA) |
$50 |
American Cancer Society |
$100 |
Chamber of Commerce |
$100 |
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- Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way c. Calvin's AGI is $104,000. Item IBM stock Antique painting Food and clothes Cash Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Charitable contribution deduction Carryover Answer is complete but not entirely correct. Cost $ 7,200 6,100 620 30,000 $ $ 61,200 X 23,200 X FMV $ 44,000 3,660 / 370 30,000hrl.3! Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2022) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Item Hobbs Medical Center IBM stock State Museum A needy family United Way a. Calvin's AGI is $140,000. Antique painting Food and clothes Cash Charitable contribution deduction Carryover Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. ទេ ! 0 Cost $ 5,800 5,400 480 16,000 24 FMV $ 30,000 3,240 290 16,000 ‒‒‒
- Aa 148.Use Patty's charitable contribution information from the above question to answer the following question: Now Assume that Patty's AGI for 2023 is $125,000. Calculate Patty's itemized deduction for charitable contributions for 2023 based on the above information, considering all relevant AGI limitations.Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way Item IBM stock Antique painting Food and clothes Cash Cost $ 7,200 6,100 620 30,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. Charitable contribution deduction Carryover FMV $ 44,000 3,660 370 30,000 d. Calvin's AGI is $210,000 and Hobbs is a private nonoperating foundation. Answer is complete but not entirely correct. $ 33,660 X 0
- Jonny donates 10% of his money to charity. Which expression shows how much money he donates?[The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way c. Calvin's AGI is $169,000. Item Charitable contribution deduction Carryover IBM stock Antique painting Food and clothes Cash Cost $ 9,800 7,400 880 56,000 FMV $70,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. 4,440 530 56,000Alpesh
- 3 During the current year 2021, Nicanor, Jr. who resides in R. Papa Street, Sampaloc Manila and with Tin 135-567-890-006. Made the following gifts: Date Donee Amount of donation June 1, 2018 Junior, his son, on account of his marriage celebrated June 1, 2018 P 150,000 cash July 10, 2018 His friend Aprot P 400,000 a second hand motor vehicle September 30, 2018 His daughter Julia P 450,000 cash dowry, on account of her scheduled marriage on October 25, 2018 November 23,2018 His father, Nicanor, Sr. A parcel of land worth P 180,000, subject to the condition that his father would assume the mortgage indebtedness of Jose in the amount of P 40,000; On November 23, 2018 gift, using the Donor’s Tax Return (BIR Form No. 1800), how much will be reflected on line 18(Tax Payable/(Overpayment)) ?Required information [The following information applies to the questions displayed below.] Calvin reviewed his canceled checks and receipts this year (2023) for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way Item IBM stock Antique painting Food and clothes Cash Charitable contribution deduction Carryover Cost $ 7,800 6,400 680 36,000 FMV $ 50,000 3,840 410 36,000 Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Note: Leave no answer blank. Enter zero if applicable. b. Calvin's AGI is $240,000, but the State Museum told Calvin that it plans to sell the painting.