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26 December, 04:24

Bill is itemizing deductions on his federal income tax return. His AGI was $325,340 last year, and he contributed $164,580 to charity. If charitable contributions are deductible up to 50% of a taxpayer's AGI, how much can Bill deduct for charitable contributions?

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  1. 26 December, 06:58
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    Answer:.5 of 325,340 = 162,670 max deduct

    which is less that actual amount given.
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