Deborah is an attorney who renders volunteer legal services to a Legal Charity, which provides legal advice to low-income individuals. The Legal Charity is a qualified charitable organization. During the current year she spends a total of 160 hours in this volunteer work. Her regular billing rate is $250 per hour. In addition, she spends a total of $750 in out-of-pocket costs in providing these services. She receives no compensation and is not reimbursed for her out-of-pocket costs. Requirement What is Deborah's charitable contribution for the year because of these activities? Deborah's charitable contribution for the year is When services are rendered to a qualified charitable organization, both the fair value of the time donated and the unreimbursed expenses are deductible. only the fair value of the time donated, calculated using a fair value billing rate is deductible. only the unreimbursed expenses incurred while performing the services are deductible