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Business, 20.12.2019 19:31 pmckain

In december each year, eleanor young contributes 10% of her gross income to the united way (a 50% organization). eleanor, who is in the 24% marginal tax bracket, is considering the following alternatives for satisfying the contribution. fair market value (1) cash donation $65,800 (2) unimproved land held for six years ($9,870 basis) $65,800 (3) blue corporation stock held for eight months ($9,870 basis) $65,800 (4) gold corporation stock held for two years ($78,960 basis) $65,800 eleanor has asked you to her decide which of the potential contributions listed above will be most advantageous tax-wise. evaluate the four alternatives and complete a letter to eleanor.

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In december each year, eleanor young contributes 10% of her gross income to the united way (a 50% or...
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