Question: eBook Calculator Print Item Problem 10-35 (Algorithmic) (LO. 6) On December 27, 2018, Roberta purchased six tickets to a charity ball sponsored by the city
eBook Calculator Print Item Problem 10-35 (Algorithmic) (LO. 6) On December 27, 2018, Roberta purchased six tickets to a charity ball sponsored by the city of San Diego for the benefit of underprivileged children. Each ticket cost $325 and had a fair market value of $65. On the same day as the purchase, Roberta gave the tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $5,050 to the building fund of her church. The pledge was satisfied by a check dated December 31, 2018, but not mailed until January 3, 2019. If an amount is zero, enter "o a. Presuming Roberta is a cash basis and calendar year taxpayer, she can deduct 1,560 for the tickets and 0 for the pledge as a charitable contribution for 2018. b. Would the amount of the deduction be any different if Roberta were an accrual basis taxpayer? If Roberta is an accrual basis and calendar year taxpayer, she can deduct pledge as a charitable contribution for 2018. for the tickets and for the
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
