Sanchez incurred the following items.
Business income, exclusive of the following items $80,000
Tax-exempt interest income 40,000
Payment to charity from 2020 Sanchez gross income, paid 3/1/21 20,000
Required:
a. Complete the following chart, indicating the charitable contributions deduction under the various assumptions.
Assumption 2020 Deduction for Contribution
1. Sanchez is a cash basis individual.
2. Sanchez is an accrual basis corporation.
3. Sanchez is a trust.

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?