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8 This year Janet made the following charitable contributions Donee Property Cost State University IBM stock $15,000 Salvation Army Clothes 2.500 State Art Museum Painting
8 This year Janet made the following charitable contributions Donee Property Cost State University IBM stock $15,000 Salvation Army Clothes 2.500 State Art Museum Painting 5,000 Church Cash 8.000 Needy Family Cash 750 FMV $18,500 500 10,400 8,000 750 Janet is a financial advisor. In addition to the above contributions, Janet donated 50 hours of her time to provide financial advice to low-income members of her community. Janet's billing rate is $75 per hour, so the value of this donation is $3,750 Determine the maximum amount of chantable deduction for Janet if her AGI is $90,000 this year. You may assume that both the stock and painting have been owned for 10 years (5 points) 8 This year Janet made the following charitable contributions Donee Property Cost State University IBM stock $15,000 Salvation Army Clothes 2.500 State Art Museum Painting 5,000 Church Cash 8.000 Needy Family Cash 750 FMV $18,500 500 10,400 8,000 750 Janet is a financial advisor. In addition to the above contributions, Janet donated 50 hours of her time to provide financial advice to low-income members of her community. Janet's billing rate is $75 per hour, so the value of this donation is $3,750 Determine the maximum amount of chantable deduction for Janet if her AGI is $90,000 this year. You may assume that both the stock and painting have been owned for 10 years (5 points)
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