Sanchez incurred the following items. 

Business income, exclusive of the following items......................................$80,000 

Tax-exempt interest income.....................................................................................40,000 

Payment to charity from 2020 Sanchez gross income, paid 3/1/21........20,000 

Complete the following chart, indicating the charitable contributions deduction under the various assumptions. 

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Assumption 2020 Deduction for Contribution Sanchez is a cash basis individual. Sanchez is an accrual basis corporation. Sanchez is a trust.