What was the maximum amount of properly substantiated charitable contributions that Moore could claim as an itemized deduction for 2023? O $30,000 O $10,000 O $23,000 O $33,000
What was the maximum amount of properly substantiated charitable contributions that Moore could claim as an itemized deduction for 2023? O $30,000 O $10,000 O $23,000 O $33,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2023, Moore, a single taxpayer, had $50,000 in adjusted gross income. During 2023, she contributed $23,000 in cash to her church. She had a $10,000 charitable contribution carryover from her 2022 church contribution. What was the maximum amount of properly substantiated charitable contributions that Moore could claim as an itemized deduction for 2023? O $30,000 O $10,000 O $23,000 O $33,000
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