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While preparing Massie Miller's 2018 Schedule A, you review the following list of possible charitable deductions provided by Massie: $1,000 Cash contribution to a family
While preparing Massie Miller's 2018 Schedule A, you review the following list of possible charitable deductions provided by Massie:
$1,000Cash contribution to a family whose house burned down
$250Time while working as a volunteer at Food Bank (5 hours @ $50/hour)
$800Cash contribution to United Methodist Church (receipt provided)
$500Cash contribution to Salvation Army(note from Massie: "I can't remember exactly the amount that I gave and I can't find the receipt. I think it was around $500.")
$2,550Total
Requirements:
- What would you say to Massie regarding her listed deductions? Be specific in your answer.
- Tell Massiehow much of the deduction is allowed for charitable contributions.
- Use the textbook, IRS publications, and/or other reputable tax websites to support your answer.
- Follow the grading rubric to maximize your points.
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