Ayesha records reflect the following information: 1.Paid $150 dues to a fraternal organization (such as the Elks Club). 2.Donated stock having a fair market value of $4,000 to a qualified charitable organization. She purchased the stock 6 months earlier for $3,250. 3.Paid $1,250 cash to qualified public charitable organizations. Ayesha's adjusted gross income for this year was $45,000. What is the amount of her charitable contribution deduction for the year

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

From what part of income should someone take savings?