In March of 2018, Thomas makes a $5,000 cash contribution to a public university. In that month,
Question:
In March of 2018, Thomas makes a $5,000 cash contribution to a public university. In that month, he also donates $20,000 to an organization subject to the 30 percent limitation. Thomas has adjusted gross income for 2018 of $30,000. What is the amount of Thomas’s 2018 charitable contribution deduction?
a. $5,000
b. $23,000
c. $14,000
d. $15,500
e. None of the above
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (14 reviews)
Answered By
Shameen Tahir
The following are details of my Areas of Effectiveness. The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
Business Ethics Business Ethics An introduction to business studies Organization & Management Legal Environment of Business Information Systems in Organizations Operations Management Global Business Policies Industrial Organization Business Strategy Information Management and Technology Company Structure and Organizational Management Accounting & Auditing Financial Accounting Managerial Accounting Accounting for strategy implementation Financial accounting Introduction to bookkeeping and accounting Marketing Marketing Management Professional Development Strategies Business Communications Business planning Commerce & Technology Human resource management General Management Conflict management Leadership Organizational Leadership Supply Chain Management Law Corporate Strategy Creative Writing Analytical Reading & Writing Other Expertise Risk Management Entrepreneurship Management science Organizational behavior Project management Financial Analysis, Research & Companies Valuation And any kind of Excel Queries.
4.70+
16+ Reviews
34+ Question Solved
Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
Question Posted:
Students also viewed these Business questions
-
1. Which of the following donations are not deductible as a charitable contribution? a. A donation of clothing to Goodwill Industries b. A contribution to a church c. A contribution to a public...
-
Community Care Services (CCS) is a not-for-profit organization formed in January 2013 and is located in the rural community of Thomas County. CCS is dedicated to serving the needs of seniors. CCSs...
-
Safety Net (SN) is a not-for-profit organization operating in Big Town, Canada. SN runs a shelter for the homeless, operates a soup kitchen, and provides counseling services to run-away teenagers and...
-
The Assembly Department of Zip Surge Protectors began September with no work in process inventory. During the month, production that cost $39,860 (direct materials, $9,900, and conversion costs,...
-
Hunter Company is developing its annual financial statements at December 31, 2013. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and...
-
The sum is equivalent to which of the following sums? a. b. c. d. e. 3 10 + 43 100 + 17 1000
-
Why do cells need catalysts? What are the catalysts in cells?
-
Ames Automotive Company has accumulated the following data over a six-month period: Separate the indirect labor into its fixed and variable components, using the high-low method. Indirect Labor Hours...
-
Tom buys a lawn mower from a department store. A string tied around the top of the mower is attached to a tag that says, "WARNING: BEFORE USING, READ INSTRUCTION BOOK CAREFULLY." Tom sees this sign...
-
In free space, E 20 cos (wt 50x) a V/m. Calculate (a) J (b) H (c) w
-
Jerry made the following contributions during 2018: His synagogue (by check)...............................................................$1,050 The Democratic Party (by...
-
Which of the following gifts is a deductible contribution? a. A gift of $100 to a homeless person b. A $500 gift to the Democratic National Committee c. $1,000 spent on church bingo games d. A $200...
-
What are the unique challenges to oral, written, and nonverbal communication?
-
Find f(x +h)-f(x) h f(x)=x-8x. for the given function.
-
6. Compare The play discussed by Hamlet and the players (Scene 2, lines 453-526) tells the story of Pyrrhus seeking revenge on Priam. What are the parallels between this tale and Hamlet's own quest...
-
Your friend is driving his bike when a tack becomes stuck in his tire. The tire has a radius of40cmand makes one complete rotation every0.2s. How high will the tack be above the ground12.32 seconds...
-
Solve with detailed steps, please. 2 b) [sin (10x) cos (10x) dx
-
briefly define Nike's mission statement and strategic goals. Explain how Nike's mission and strategy align with each other. Discuss why having a clear mission and well-defined strategy is crucial for...
-
Cozy Corporation's accumulated depreciation-furniture increased by $5,000, and $1,300 of patents were amortized between balance sheet dates. Cozy had no purchases or sales of tangible or intangible...
-
Establish identity. cos( + k) = (-1)k cos , k any integer
-
Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents pay $4,000 for her tuition and fees. a. Assuming Janie's parents have AGI of $170,000, what is the American...
-
Carl and Jenny adopt a Russian orphan. The adoption takes 2 years and two trips to Russia and is finalized in 2016. They pay $6,000 in 2015 and $7,500 in 2016 of qualified adoption expenses. In 2016,...
-
Mike bought a solar electric pump to heat his pool at a cost of $2,500 in 2016. What is Mike's credit?
-
1. What traits do you admire in leaders and professionals from your own experience? Why? 2. Identify your leadership strengths and weaknesses. How do you plan to address the areas that need...
-
1. Define a project system. 2. List and discuss five major functions in project planning. 3. Describe the role of the project manager in project planning. 4. Develop a project planning model for the...
-
If you were running a campaign that had lower than expected impressions, what should you do?
Study smarter with the SolutionInn App