Exercise 28-16 (c) (LO. 2)

The Snyder Trust reports 2020 gross rent income of $1,800,000, expenses attributable to the rents of $700,000, tax-exempt interest from state bonds of $20,000 and $30,000 of dividend income. Under the trust agreement, the trustee is to pay 40% of the annual trust accounting income to Belmont United Way, a qualifying charitable organization.

If required, round any division to two decimal places. Round your final answer to the nearest dollar.

a. The charitable contribution deduction allowed for 2020 is $fill in the blank 1.