In 2014, Eric gave $260 to his church for which he received a written acknowledgment. He also has receipts for $75 given to the Boy Scouts of America and $125 given to the Mexican Red Cross. Eric gave the Salvation Army old clothes worth $150 (original cost $1,700). Last year, Eric had a large contribution and could not deduct $800 of it due to the 50 percent limitation. This year Eric’s adjusted gross income is $21,325. Use the Gifts to Charity section to calculate Eric’s deduction for the current year.

Answer rating: 100% (QA)

Answer to Rs 16 Gittsby Crh or check ... View the full answer