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John and Lisa go to a charity dinner-dance and pay $450 for the tickets. The fair market value of the ticket is $185. All proceeds

John and Lisa go to a charity dinner-dance and pay $450 for the tickets. The fair market value of the ticket is $185. All proceeds from the event go directly to this qualified charity. John and Lisa pay for the tickets with the intent to make a charitable contribution. What is the allowable charitable contribution on their federal tax return?

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