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27. (4 pts): The Johnsons had AGI in 2020 of $110,000 and they had the following charitable contributions: SHOW ALL WORK Cash: Church $24,000 Red
27. (4 pts):
The Johnsons had AGI in 2020 of $110,000 and they had the following charitable contributions: SHOW ALL WORK
Cash:
Church $24,000
Red Cross 1,500
United Way 3,500
Long-term Property:
Church
FMV 34,000
Cost 13,000
Determine the allowable charitable deduction for 2020.
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