Kangyu Inc. is a professional firm with the professional employee group generally in the top 37% tax bracket and the support staff generally in the 22% tax bracket. Due to rising costs and administrative burden, the company is considering discontinuing its dental and eye care insurance plan and instead giving all employees a $600 raise. Based on insurance records the average employee incurs about $400 of dental and eye care expense per year. Which of the following statements is correct? Select one: a. The professional staff will generally prefer the raise, and the support staff will prefer to keep the insurance coverage. b. The support stall will prefer to keep the insurance coverage and professional staff will prefer the raise. c. Both types of employees will prefer the raise. d. None of the choices. e. Employees overall will generally prefer to retain the insurance coverage. Bhupinder volunteered at the SF Museum of Modern Art. He made the following charitable contributions. Assuming he itemizes what is the amount of his charitable contribution deduction? --He donated $10,000 in cash to the museum. --He donated a painting which he purchased for $3000 and has a value of $5000. The museum displays the painting. -He donated 10 hours of his time as a lawyer to the Museum. He bills his clients at $500 an hour. Bhupinder's adjusted gross income for the year is $100,000. What is the amount of his charitable contribution deduction? Select one: a. $20,000 b. $15,000 c. $18,000 d. $13,000