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In the current year, Jerry pays $8,000 to become a charter member of Mammoth Universitys Athletic Council. The membership ensures that Jerry will receive choice
In the current year, Jerry pays $8,000 to become a charter member of Mammoth Universitys Athletic Council. The membership ensures that Jerry will receive choice seating at all of Mammoths home basketball games. Also this year, Jerry pays $2,200 (the regular retail price) for season tickets for himself and his wife. For these items, how much qualifies as a charitable contribution?
| a. | $0 |
| b. | $6,400 |
| c. | $8,000 |
| d. | $10,200 |
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