Determine mr shoemakers charitable donations tax credit
Problem
For 2022, Trey Shoemaker has Net Income for Tax Purposes of $600000 and Taxable income of $229000. During the year, he makes eligible charitable gifts of $205000. Determine Mr. Shoemaker's 2022 charitable donations tax credit.
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During the year, he makes eligible charitable gifts of $205000. Determine Mr. Shoemaker's 2022 charitable donations tax credit.
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