Gail is itemizing deductions on her federal income tax return. Her AGI was $281,980 last year, and she contributed $142,560 to charity. If charitable contributions are deductible up to 50% of a taxpayer's AGI, how much can Gail deduct for charitable contributions?

Respuesta :

$281,980 * .50 = $140,990
Gail can deduct $140,990 charitable contributions

Answer:

140990

Step-by-step explanation:

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