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7. John and Lisa went to a charity dinner-dance. They paid $450 for the tickets. The fair market value of the tickets was $150. All

7. John and Lisa went to a charity dinner-dance. They paid $450 for the tickets. The fair market value of the tickets was $150. All proceeds from the event go directly to this qualified charity. The allowable charitable contribution on their federal tax return should be: a. b. $150 $225 $300 $450 d

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