171k views
0 votes
Gail is itemizing deductions on her federal income tax return. Her AGI was $281,980 last year, and she contributed $142,560 to charity. If charitable contributions are deductible up to 50% of a taxpayer's AGI, how much can Gail deduct for charitable contributions?

2 Answers

1 vote

Answer:

140990

Explanation:

User Bruno Krebs
by
8.8k points
4 votes
$281,980 * .50 = $140,990
Gail can deduct $140,990 charitable contributions
User Tvirtualw
by
8.3k points