Question
Ellen donated $30,000 to the First Episcopalian Church in her hometown. She also gave $10,000 in cash to the United Way. Ellen's AGI is $70,000.
Ellen donated $30,000 to the First Episcopalian Church in her hometown. She also gave $10,000 in cash to the United Way. Ellen's AGI is $70,000. What is her allowable itemizable charitable deduction for this year?
Group of answer choices
$30,000
$42,000
$40,000
$21,000
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Intermediate Accounting Volume 2
Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick
7th Edition
1259108023, 9781259108020
