Jack and Alice McWilliams made a charitable cash contribution of ($50,000) to a 50 percent organization and
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Jack and Alice McWilliams made a charitable cash contribution of \($50,000\) to a 50 percent organization and \($30,000\) charitable cash contribution to a 30 percent organization. The McWilliams’ adjusted gross income is \($120,000.\) What are their deductible charitable contributions for the tax year?
A. $50,000.
B. $55,000.
C. $60,000.
D. $80,000.
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Related Book For
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
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