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Jim contributes 20 hours of his time to his local Red Cross doing accounting work. His normal hourly rate is $60 per hour as a
Jim contributes 20 hours of his time to his local Red Cross doing accounting work. His normal hourly rate is $60 per hour as a CPA. The federal and local minimum wage rate is $5.75 per hour. Ignoring income limitations, how much can Jim deduct as a charitable contribution on the Schedule A of his Form 1040 for the year?
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