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Trevor is a single individual who is a cash - method, calendar - year taxpayer. For each of the next two years ( 2 0

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 $112,000, contribute $8,250 to charity, and pay $3,600 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
$3,600 and $34,000, 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 $8,250 and
state tax payments of $3,600 in each year.
d. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will cost
$3,600 and $34,000, 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.
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