While preparing Massie Millers 2018 Schedule A, you review the following list of possible charitable deductions provided
Question:
While preparing Massie Miller’s 2018 Schedule A, you review the following list of possible charitable deductions provided by Massie:
Cash contribution to a family whose house burned down...............$1,000
Time while working as a volunteer at Food Bank (5 hours @ $50/hour)...............250
Cash contribution to United Methodist Church (receipt provided)...............800
Cash contribution to Salvation Army (note from Massie: “I can’t remember exactly the amount that I gave and I can’t find the receipt. I think it was around $500.”)...............500
Total...............$2,550
What would you say to Massie regarding her listed deductions? How much of the deduction is allowed for charitable contributions?
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Massie can take a charitable contribution deduction for 800 the cash contribution donated ...View the full answer
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Related Book For 
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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