Business Law

In each of the following independent situations, determine how much, if any, qualifies as a deduction for AGI under § […]

Bonnie and Jake (ages 35 and 36, respectively) are married with no dependents and live in Montana (not a community

Marcia, a shareholder in a with stores in five states, donated stock with a basis of $10,000 to a qualified

On December 27, 2015, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for

During 2015, Susan, age 49, incurred and paid the following expenses for Beth (her daughter), Ed (her father), and herself:

Liz had AGI of $130,000 in 2015. She donated Bluebird stock with a basis of $10,000 to a qualified charitable

Ramon had AGI of $180,000 in 2015. He is considering making a charitable contribution this year to the American Heart

Norma, who uses the cash method of accounting, lives in a state that imposes an income tax. In April 2015,

1. A taxpayer’s spouse died on December 31, 2014. He has no qualifying child. Which status should the taxpayer select

Charles and Joan Thompson file a joint return. In 2014, they had taxable income of $92,370 and paid tax of