Question 11 of 25 Florence is itemizing deductions on her federal income tax return. Her AGI was 197,130 last year, and she contributed 99,310 to charity. If charitable contributions are deductible up to 50% of a taxpayer's AGI,how much can Florence deduct for charitable contributions? A. 197,130 B 49,655 C. 98,565 D. 99,310

To determine how much Florence can deduct for charitable contributions, we need to calculate 50% of her Adjusted Gross Income (AGI).<br /><br />Given:<br />- AGI = $197,130<br />- Charitable contributions = $99,310<br /><br />Step 1: Calculate 50% of the AGI.<br />\[ 0.50 \times 197,130 = 98,565 \]<br /><br />Therefore, Florence can deduct $98,565 for charitable contributions.<br /><br />The correct answer is:<br />C. $98,565