Jerry made the following contributions during 2012: His synagogue (by check).....................................................$680 The Democratic Party (by check) .............................................180
Question:
Jerry made the following contributions during 2012:
His synagogue (by check).....................................................$680
The Democratic Party (by check) .............................................180
The American Red Cross (by check) .........................................150
His lodge for a holiday party...................................................100
In addition, Jerry donated used furniture to the Salvation Army costing $2,000 with a fair market value of $400. 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 2012.
Step by Step Answer:
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill