the following recipients: Charity State University Red Cross Cash Cash Property State History Museum City Medical Center. Dell stock Deduction Carryover Antique painting Cost FMV $15,000 $15,000 14,500 14,500 5,000 82,000 28,000 17,000 b. Assume that Dean's AGI this year is $150,000. Determine Dean's itemized deduction for his charitable contributions this any carryover.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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the following recipients:
Charity
State University
Red Cross
State History Museum
City Medical Center
Cash
Cash
Deduction
Carryover
Property
Antique painting
Dell stock
Cost
FMV
$15,000 $15,000
14,500
82,000
17,000
14,500
5,000
28,000
b. Assume that Dean's AGI this year is $150,000. Determine Dean's itemized deduction for his charitable contributions this ye
any carryover.
Transcribed Image Text:the following recipients: Charity State University Red Cross State History Museum City Medical Center Cash Cash Deduction Carryover Property Antique painting Dell stock Cost FMV $15,000 $15,000 14,500 82,000 17,000 14,500 5,000 28,000 b. Assume that Dean's AGI this year is $150,000. Determine Dean's itemized deduction for his charitable contributions this ye any carryover.
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