In 2021, Jon makes the following donations:

a. $10,000 cash to his church
b. $500 check to the Guayaquil Soup Kitchen, a charity based inEcuador
c. 100 shares of stock with a fair market value of $11,000 and accost basis of $2,000 to a local university
d. $1,500 to Rhode Island State University (his alma mater) for the right to purchase season tickets to the Fighting’ Nutmegger basketball games
e. $3,200 cash to the Stonecutters, a fraternal benefit society(not a 50-percent charitable organization)

Enter all amounts as positive numbers.

Question Content Area

Jon’s 2021 AGI is $28,000. Use Worksheet 2 to determine the charitable contribution deduction.

Worksheet 2. Applying the Deduction Limits

3.	Enter cash contributions that you elect to treat as qualified contributions plus cash contributions payable for relief efforts in qualified disaster areas that you elected to treat as qualified contributions. Don't include this amount on line 4below

Answer rating: 100% (QA)

Jons 2021 AGI is 28000 Cash Donations c... View the full answer