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Trevor is a single individual who is a cash-method, calendar-year taxpayer. For each of the...

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Accounting

Trevor is a single individual who is a cash-method, calendar-year taxpayer. For each of the next two years (2024 and 2025), Trevor
expects to report salary of $98,000, contribute $8,600to charity, and pay $3,250in state income taxes. Trevor plans to purchase a residence next year, and he estimates that additional property taxes and residential interest will
cost $2,900 and $25,500, respectively, each year. Assume that Trevor makes the charitable contribution for 2025in December
of2024. Estimate Trevor's taxable income for 2024 and 2025 using the 2024 amounts for the standard deduction.
Note: Amounts tobe deducted should be indicated with a minus sign.
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