Jerry made the following contributions during 2018: His synagogue (by check)...............................................................$1,050 The Democratic Party (by check)........................................................180 The
Question:
Jerry made the following contributions during 2018:
His synagogue (by check)...............................................................$1,050
The Democratic Party (by check)........................................................180
The American Red Cross (by check)...................................................175
His fraternal organization for tickets to a holiday party.................100
In addition, Jerry donated used furniture to the Salvation Army that he purchased years ago for $400 with a fair market value of $200. Assuming Jerry has adjusted gross income of $45,000, has the necessary written acknowledgments, and itemizes deductions, complete the Gifts to Charity section of Schedule A below to show Jerry’s deduction for 2018.
Step by Step Answer:
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill