Sanchez incurred the following items.
| Business income |
$80,000 |
| Tax-exempt interest income |
40,000 |
| Payment to charity from 2016 Sanchez gross income, paid 3/1/17 |
20,000 |
|
Complete the following chart. If an amount is zero, enter "0". Do not round any division. If required, round your final answer to the nearest dollar.
| Assumption |
2016 Deduction
for Contribution |
| Sanchez is a cash basis individual. |
$ |
|
| Sanchez is an accrual basis corporation. |
$ |
|
| Sanchez is a trust. |
$ |
|
|