Question
2) Wilhelm Klink had adjusted gross income of $155,130 in 2022. During the year, he made the following contributions to qualifying organizations: $26,410 cash to
2) Wilhelm Klink had adjusted gross income of $155,130 in 2022. During the year, he made the following contributions to qualifying organizations: $26,410 cash to U-Mass Law School $47,150 cash to the University of Hartford $35,700 cash to the Salvation Army $13,540 cash to the St. Jude Children's Research Hospital In addition, he gave $9,462 cash to his favorite cousin, Albert Burkhalter, to help Albert pay his graduate school tuition this year. How much is his charitable contribution deduction this year?
a: $132,262
b: $93,078
c: $122,800
d: some other amount (your answer:___________
3) How much can Wilhelm deduct next year, assuming that he had $139,446 in adjusted gross income and made charitable cash contributions of $77,061?
a: $106,783 b: $83,668
c: $77,061
d: some other amount (your answer:___________
4) How much, if any, is Wilhelm's remaining carryover to the following year?
a: $6,607
b: $ 0
c: $23,115
d: some other amount (your answer:__________
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