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1. During the year, Tucker made several contributions to various qualifying charities. He made total cash contributions of $25,000, and he made contributions of capital

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1. During the year, Tucker made several contributions to various qualifying charities. He made total cash contributions of $25,000, and he made contributions of "capital gains" property of $28,000. If Tucker's AGl if $80,000 what is his charitable contribution deduction for the current year? a. $15,000 cash, $8,400 capital gain property b. $25,000 cash, $15,000 capital gain property c. $25,000 cash, $23,000 capital gain property d. $25,000 cash, $24,000 capital gain property e. $25,000 cash; $28,000 capital gain property 2. Jermaine is 38 and single. He has an AGI of $50,000, of which $4,000 is earned income. The rest of his income relates to investment activities. Jermaine wants to contribute money to a Roth IRA for his eventual retirement. How much can Jermaine contribute to the Roth IRA and what amount is deductible? a. $6,000 contribution, $6,000 deduction from AGI b. $6,000 contribution, $6,000 deduction for AGI c. $4,000 contribution, $4,000 deduction from AGI d. $4,000 contribution, $4,000 deduction for AGI e. $4,000 contribution, $0 deduction

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