During the current year, Mckayla reports AGI of $205,000. As part of some estate planning,...
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Accounting
During the current year, Mckayla reports AGI of $205,000. As part of some estate planning, she donates $27,000 to her alma mater, Autumn University, and $70,000 to a private nonoperating foundation. (Assume the year is 2018.)
Requirements
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| a. What is the amount of MckaylaMckayla's charitable deduction for the current year? | |||||
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| b. Assume the same facts in Part a except that she donates $47,000 to Autumn University.
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