13. In March of 2010, Thomas makes a $5,000 cash contribution to a public university. In that...

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13. In March of 2010, Thomas makes a $5,000 cash contribution to a public university. In that month he also donates $20,000 to an organization subject to the 30 percent limitation.

Thomas has adjusted gross income for 2010 of $35,000. What is the amount of Thomas’s 2010 charitable contribution deduction?

a. $5,000

b. $23,000

c. $10,500

d. $15,500

e. None of the above LO 5.5

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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Question Posted: Oct 10, 2024 04:00 AM

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13. In March of 2010, Thomas makes a $5,000 cash contribution to a public university. In that...

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Income Tax Fundamentals 2011

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