In the current year, Jerry pays $8,000 to become a charter member of Mammoth University's Athletic Council.


The membership ensures that Jerry will receive choice seating at all of Mammoth's home basketball games. Also this year, Jerry pays $2,200 (the regular retail price) for season tickets for himself and his wife. For these items, how much qualifies as a charitable contribution?

Answer rating: 100% (QA)

To determine how much qualifies as a charitable contribution we first need to understand the tax law... View the full answer