Question: Please answer the following question: While preparing Massie Millers 2020 Schedule A, you review the following list of possible charitable deductions provided by Massie: Cash
Please answer the following question:
While preparing Massie Millers 2020 Schedule A, you review the following list of possible charitable deductions provided by Massie:
Cash contribution to a family whose house burned down $1,000
Time while working as a volunteer at a food bank
(5 hours @ $50/hour) 250
Cash contribution to United Methodist Church (receipt provided) 800
Cash contribution to Salvation Army (note from Massie: I cant remember
Exactly the amount that I gave and I cant find the receipt. I think it was
Around $500.) 500
Total $2,550
What would you say to Massie regarding her listed deductions? How much of the deduction is allowed for charitable contributions?
In your response, please make sure to take all of the facts above into consideration. You can refer back to the text, lecture videos, and the IRS website. Please make sure to support whatever conclusion you decide to present.
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