4. Seth, a CPA, provides free accounting services to the local Boys Town. It is a domestic organization and recognized 501(c)(3) public charity. Seth normally bills his time at $450/hour. Over the course of the year Seth spent 150 hours working on the organization's books. Seth is single and his AGI is $100,000. Assuming he itemizes his deductions on Schedule A, the time volunteered (valued at $67,500) will result in a charitable deduction of: $0. $25,000; the balance will be carried over to another year. c) $50.000; the balance will be carried over to another year. $67,500