Linda's personal records for the current year show the following facts: She pays $11,000 to St. John's
Fantastic news! We've Found the answer you've been seeking!
Question:
•She pays $11,000 to St. John's Church. She pays $4,000 for her daughter's tuition in the church's middle school and contributes the balance when she attends church.
•Linda has diabetes and gives $800 to the American Diabetes Association in hopes that she will benefit from a cure.
•She pays $300 in annual dues to the Moose Lodge.
•She contributes National Airways, Inc., common stock with a fair market value of $2,000 to the March of Dimes. The stock was purchased 4 years ago for $3,000.
Linda's AGI for the current year is $32,000. What is her charitable contribution deduction?
Related Book For
Auditing Assurance Services and Ethics in Australia an Integrated Approach
ISBN: 978-1442539365
9th edition
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
Posted Date: