Complete the following chart

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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. $

Reference no: EM131144084

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