Question: Jerry made the following contributions during 2012: His synagogue (by check).....................................................$680 The Democratic Party (by check) .............................................180 The American Red Cross (by check) .........................................150 His

Jerry made the following contributions during 2012:

His synagogue (by check).....................................................$680

The Democratic Party (by check) .............................................180

The American Red Cross (by check) .........................................150

His lodge for a holiday party...................................................100

In addition, Jerry donated used furniture to the Salvation Army costing $2,000 with a fair market value of $400. Assuming Jerry has adjusted gross income of $45,000, has the necessary written acknowledgments, and itemizes deductions, complete the Gifts to Charity section of Schedule A below to show Jerry's deduction for 2012.

Jerry made the following contributions during 2012:
His synagogue (by check).......................

Gifts to 16 Gifts by cash or check. If you made any gift of $250 or more, Charity If you made a 17 Other than by cash or check. If any gift of $250 or more, see gift and got a benefit for it. 18 Carryover from prior year- see instructions instructions. You must attach Form 8283 if over $500 . ..17 see instructions. 19 Add lines 16 through 18 . -. .18 19

Step by Step Solution

★★★★★

3.43 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Gifts to Charity If you made a gift and got a benefit for it see instr... View full answer

blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1124-B-A-I-T(2274).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Jerry made the following contributions during 2014: His synagogue (by check).. $680 The Democratic Party (by check) ) 180 The American Red Cross (by check) ) 150 His lodge for a holiday party). 100...

Q:

Jerry made the following contributions during 2015: His synagogue (by check) ................................. $1,020 The Democratic Party (by check) ........................ 180 The American Red...

Q:

Jerry made the following contributions during 2016: His synagogue (by check) ...................................................... $1,050 The Democratic Party (by check)...

Q:

Assume an employee signs a non - disparagement clause. What would be considered breaking this clause? a . ) Telling a company's trade secret to a competing firm for a fee b . ) Using a work computer...

Q:

Tappan, Inc., manufactures one product and accounts for costs using a job cost system. You have obtained the following information from the corporations books and records for the year ended December...

Q:

Have you ever experienced a situation as a customer where you felt an employee of a small business was not listening to you? What did you do as a result?

Q:

A matchbox contains normally 40 matches. We select three matchboxes at random and we find seven matches in total to be defective. What is the probability that there are at least two defective matches...

Q:

Simon Hinson Company operates two divisions: Gordon and Ronin. A segmented income statement for the companys most recent year is as follows: Required A. If the Gordon Division increased its sales by...

Q:

A company's investments in another business includes the acquisition of q , A . a range from a few securities to the entire company B . the entire company only C . a few securities only D . none of...

Q:

Scores on a marketing exam are known to be normally distributed with mean and standard deviation of 60 and 20, respectively. a. Find the probability that a randomly selected student scores between 50...

Q:

The disk is moving to the left such that it has an angular acceleration = 8 rad/s and angular velocity = 3 rad/s at the instant shown. If it does not slip at A, determine the acceleration of point...

Q:

1. Belinda needs $2400 fast. She has the option of borrowing the $2400 for 5 days at an APR of 500% or borrowing the $2400 for 5 days with a fee of $180. She realizes that neither scenario is very...

Q:

Section One - IPV4 Network Identifiers and Addresses For the following, indicate what its network identifier is, in binary. When doing so, use the table provided below to convert each octet to...

Q:

Question 5 5 pts Roberto invested a total of $10,000, part at 6% and part at 9%. How much did he invest in the LOWER interest account if the total interest earned in one year was $810 ? 1 answer

Q:

Within the northeastern control systems industry, Middleton knew of no company that had conducted formal market research. Should he conduct further research himself, use the consultant or the student...

Q:

Check billing and accounts recordsPlease review the following list of billing and account records from Table 4: Gelos Enterprises bank statement for its Small Purchases account. Check these billing...

Q:

5. Why doesnt the writer make a more explicit sales pitch at the end of the second letter?

Q:

C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...

Q:

At December 31, 2012, Hillyard Corporation has a deferred tax asset of $200,000. After a careful review of all available evidence, it is determined that it is more likely than not that $60,000 of...

Q:

Mitchell Corporation had income before income taxes of $195,000 in 2012. Mitchells current income tax expense is $48,000, and deferred income tax expense is $30,000. Prepare Mitchells 2012 income...

Q:

Rode Inc. incurred a net operating loss of $500,000 in 2012. Combined income for 2010 and 2011 was $350,000. The tax rate for all years is 40%. Rode elects the carryback option. Prepare the journal...

Q:

You've observed the following returns on Crash-n-Burn Computer's stock over the past five years: 7 percent, -12 percent, 11 percent, 38 percent, and 14 percent. Required: a. The arithmetic average...

Q:

General requirement is to solve by hand and try to solve without using a compiler. Exercise dynamic memory allocation 1.) Consider you want to dynamically allocate memory for an array of arrays,...

Q:

Jerri has $ 5 0 , 0 0 0 in taxable income this year. She has not yet used any expensing. How much could she lower her taxable income if she could take full advantage of expensing?

Related Book

Income Tax Fundamentals 2013 31st Edition by Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill