Jerry made the following contributions during 2016: His synagogue (by check) ...................................................... $1,050 The Democratic Party (by
Question:
Jerry made the following contributions during 2016:
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 2016.
Step by Step Answer:
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller