Raheem and Niseema (husband and wife) contributed $15,000 in cash to their mosque during 2019. They...

 

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Raheem and Niseema (husband and wife) contributed $15,000 in cash to their mosque during 2019. They also donated $3,000 to a private foundation which is a nonprofit cemetery organization. They knew that a 30% limit applilies to contributions to such foundations. Their adjusted gross income for the year 2019 was $55,000. Raheem and Niseema's deductible contribution for the year 2019 and any carryover to next year is: Multiple Choice $9,000 with $1,800 carryover to next year. $15,000 with $0 carryover to next year. $18.000 with $0 carryover to next year. $15,900 with $2.100 carryover to next year. Raheem and Niseema (husband and wife) contributed $15,000 in cash to their mosque during 2019. They also donated $3,000 to a private foundation which is a nonprofit cemetery organization. They knew that a 30% limit applilies to contributions to such foundations. Their adjusted gross income for the year 2019 was $55,000. Raheem and Niseema's deductible contribution for the year 2019 and any carryover to next year is: Multiple Choice $9,000 with $1,800 carryover to next year. $15,000 with $0 carryover to next year. $18.000 with $0 carryover to next year. $15,900 with $2.100 carryover to next year.

Answer rating: 100% (QA)

Total Deductible contribution 15000 300030 15000 900 ... View the full answer