Gail is itemizing deductions on her federal income tax return. Her AGI was $281,980 last year, and she contributed $142,560 to c
harity. If charitable contributions are deductible up to 50% of a taxpayer's AGI, how much can Gail deduct for charitable contributions?
2 answers:
$281,980 * .50 = $140,990
Gail can deduct $140,990 charitable contributions
Answer:
140990
Step-by-step explanation:
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