A. Estimate Trevor's taxable income for 2023 and 2024 using the 2023 amounts for the standard deduction for both years.

B. Now assume that Trevor combines his anticipated charitable contributions for the next two years and makes the combined contribution in December of 2023. Estimate Trevor's taxable income for each of the next two years using the 2023 amounts for the standard deduction.

Note: Amounts to be deducted should be indicated with a minus sign.

C. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,900 and $23,500, respectively, each year. Estimate Trevor's taxable income for each of the next two years (2023 and 2024) using the 2023 amounts for the standard deduction and also assuming Trevor makes the charitable contribution of $8,600 and state tax payments of $3,250 in each year.

Note: Amounts to be deducted should be indicated with a minus sign.

D. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,900 and $23,500, respectively, each year. Assume that Trevor makes the charitable contribution for 2024 in December of 2023. Estimate Trevor's taxable income for 2023 and 2024 using the 2023 amounts for the standard deduction.

Note: Amounts to be deducted should be indicated with a minus sign.

\begin{tabular}{|c|c|c|c|} \hline & & 2023 & 2024 \\ \hline \multicolumn{4}{|l|}{ Salary } \\ \hline \multicolumn{4}{|l|}{ Itemized deductions } \\ \hline \multicolumn{4}{|l|}{ Standard deduction } \\ \hline Greater of itemized deductions over standard deduction & & & \\ \hline Greater of standard deduction over itemized deductions & & & \\ \hline Taxable income & & 0 & $ \\ \hline Total taxable income for the two years & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & & 2022 & 2023 \\ \hline Salary & & & \\ \hline Itemized deductions & & & \\ \hline Standard deduction & & & \\ \hline Greater of itemized deductions over standard deduction & 2 & & \\ \hline Taxable income & & 0 & $ \\ \hline Total taxable income for the two years & & & \\ \hline \end{tabular} Trevor is a single individual who is a cash-method, calendar-year taxpayer. For each of the next two years (2023 and 2024), Trevor expects to report salary of $98,000, contribute $8,600 to charity, and pay $3,250 in state income taxes. Required: a. Estimate Trevor's taxable income for 2023 and 2024 using the 2023 amounts for the standard deduction for both years. b. Now assume that Trevor combines his anticipated charitable contributions for the next two years and makes the combined contribution in December of 2023. Estimate Trevor's taxable income for each of the next two years using the 2023 amounts for the standard deduction. c. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,900 and $23,500, respectively, each year. Estimate Trevor's taxable income for each of the next two years (2023 and 2024) using the 2023 amounts for the standard deduction and also assuming Trevor makes the charitable contribution of $8,600 and state tax payments of $3,250 in each year. d. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost $2,900 and $23,500, respectively, each year. Assume that Trevor makes the charitable contribution for 2024 in December of 2023. Estimate Trevor's taxable income for 2023 and 2024 using the 2023 amounts for the standard deduction. Complete this question by entering your answers in the tabs below