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Linda's personal records for the current year show the following facts: She pays $11,000 to St. John's Church. She pays $4,000 for her daughter's tuition
Linda's personal records for the current year show the following facts:
•She pays $11,000 to St. John's Church. She pays $4,000 for her daughter's tuition in the church's middle school and contributes the balance when she attends church.
•Linda has diabetes and gives $800 to the American Diabetes Association in hopes that she will benefit from a cure.
•She pays $300 in annual dues to the Moose Lodge.
•She contributes National Airways, Inc., common stock with a fair market value of $2,000 to the March of Dimes. The stock was purchased 4 years ago for $3,000.
Linda's AGI for the current year is $32,000. What is her charitable contribution deduction?
•She pays $11,000 to St. John's Church. She pays $4,000 for her daughter's tuition in the church's middle school and contributes the balance when she attends church.
•Linda has diabetes and gives $800 to the American Diabetes Association in hopes that she will benefit from a cure.
•She pays $300 in annual dues to the Moose Lodge.
•She contributes National Airways, Inc., common stock with a fair market value of $2,000 to the March of Dimes. The stock was purchased 4 years ago for $3,000.
Linda's AGI for the current year is $32,000. What is her charitable contribution deduction?
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To calculate Lindas charitable contribution deduction we need to add up her eligible contributio...
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