LO 5.4 15. Jerry made the following contributions during 2010: His synagogue (by check) $680 The Democratic

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LO 5.4 15. Jerry made the following contributions during 2010:

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 2010.

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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