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During the current year, Mr. K, who is single and 45 years of age, made cash contributions of $500 to his church. Mr. Kis taking
During the current year, Mr. K, who is single and 45 years of age, made cash contributions of $500 to his church. Mr. Kis taking the standard deduction on his current-year return. What is the amount of Mr. K's deduction for charitable contributions? O A. $75 B. $0 C. $500 OD. $300 The Rites are married, file a joint income tax return, and qualify to itemize their deductions in the current year. Their adjusted gross income for the year was $55,000, and during the year they paid the following taxes: Real estate tax on personal residence $2.000 Ad valorem tax on personal automobile 500 Current-year state and city income taxes withheld from paycheck 1,000 What total amount of the expense should the Rites claim as an itemized deduction on their current-year joint income tax return? A. $3,000 B. $2,500 C. $1,000 D. $3,500
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