Calvin reviewed his canceled checks and receipts in 2020 for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Item Cost FMV
Hobbs Medical Center IBM stock $8,400 $56,000
State Museum Antique painting 6,700 4,020
A needy family Food and clothes 740 440
United Way Cash 42,000 42,000

Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances.

a. Calvin’s AGI is $270,000 and Hobbs is a private nonoperating foundation.
b. Calvin's AGI is $270,000

Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. Assume CARES Act applies. (Leave no answer blank. Enter zero if applicable.)

The new york stock exchange is an example of what type of stock market?

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.