What is total amount of charitable contribution deduction, Accounting Basics

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What is total amount of charitable contribution deduction

Jerry contributed the following:His synagogue (by check) = $680; The Republican Party (by check) = $180; The American Red Cross (by check) = $150; His lodge for a holiday party = $100. In addition he donated used furniture to Salvation Army costing $2,000 with a fair market value of $400. Assuming Jerry has AGI of $45,000, has the necessary written acknowledgments, and itemizes deductions, what is the total amount of charitable contribution deductions?

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Accounting Basics: What is total amount of charitable contribution deduction

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Accounting Basics: What is total amount of charitable contribution deduction

Reference No:- TGS047707

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Recent Questions Asked Accounting Basics

Q : Find marginal revenue curve using the blue line

Q : How much of these items is qualified

Q : Foreign currency within a fiscal year

Q : Find trade-diversion cost of the free-trade area

Q : What is total amount of charitable contribution deduction

Q : Financial statements made on the date of acquisition

Q : Calculate the amount of tp''s itemized deduction for interest

Q : What is the amount of theft loss deduction

Q : Capital stock of a danish subsidiary

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Ask an Expert for Answer!!

Accounting Basics: What is total amount of charitable contribution deduction

Reference No:- TGS047707

Recent Questions Asked Accounting Basics

Q : Find marginal revenue curve using the blue line

Q : How much of these items is qualified

Q : Foreign currency within a fiscal year

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Q : What is total amount of charitable contribution deduction

Q : Financial statements made on the date of acquisition

Q : Calculate the amount of tp''s itemized deduction for interest

Q : What is the amount of theft loss deduction

Q : Capital stock of a danish subsidiary

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