8 This year Janet made the following charitable contributions: Donee Cost Property IBM stock FMV $18,500...

 

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8 This year Janet made the following charitable contributions: Donee Cost Property IBM stock FMV $18,500 State University $15,000 Salvation Army Clothes 2,500 500 State Art Museum Painting 5,000 10,400 Church Cash 8,000 8,000 Needy Family: Cash 750 750 Janet is a financial advisor. In addition to the above contributions, Janet donated 50 hours of her time to provide financial advice to low-income members of her community. Janet's billing rate is $75 per hour, so the value of this donation is $3,750 Determine the maximum amount of charitable deduction for Janet if her AGI is $90,000 this year. You may assume that both the stock and painting have been owned for 10 years. (5 points) 8 This year Janet made the following charitable contributions: Donee Cost Property IBM stock FMV $18,500 State University $15,000 Salvation Army Clothes 2,500 500 State Art Museum Painting 5,000 10,400 Church Cash 8,000 8,000 Needy Family: Cash 750 750 Janet is a financial advisor. In addition to the above contributions, Janet donated 50 hours of her time to provide financial advice to low-income members of her community. Janet's billing rate is $75 per hour, so the value of this donation is $3,750 Determine the maximum amount of charitable deduction for Janet if her AGI is $90,000 this year. You may assume that both the stock and painting have been owned for 10 years. (5 points)

Answer rating: 100% (QA)

answer The charitable deduction is 21000 in all case of painting and 200... View the full answer