A client walks into your office to prepare a TY2020 return for federal and state....
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Accounting
A client walks into your office to prepare a TY return for federal and state. He has some charitable expenses worth $ which is not enough to itemize. So he wants to take $ as an adjustment to Income on the rederal retum. wrot nappens to the state return as a consequence?d calornia adas back this adjustment butthe taxpayer is able to take a credit of for the amount of charitable contributions.b Nothing; Callornia aiso allows thisc. California adds back this adjustment, but the taxpayer is able to take a credit for the amount of charitablecontroutionsd. calliornia dads bock this Gajusten, us ley do not contorm to the abovetheline
A client walks into your office to prepare a TY return for federal and state. He has some charitable expenses worth $ which is not enough to itemize. So he wants to take $ as an adjustment to Income on the rederal retum. wrot nappens to the state return as a consequence?d calornia adas back this adjustment butthe taxpayer is able to take a credit of for the amount of charitable contributions.b Nothing; Callornia aiso allows thisc. California adds back this adjustment, but the taxpayer is able to take a credit for the amount of charitablecontroutionsd. calliornia dads bock this Gajusten, us ley do not contorm to the abovetheline
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