Your client, a carpenter, donated one of his handcrafted wooden desks to his church, a qualified public charity.

The church sold the desk at an auction for $3,500, which is comparable to the standard price for the client's other woodwork. He calculated his costs as follows:

 

Wood	$1,000
Other materials	$300
Rent for workshop	$500
Time and services	$1,700

 Required:

1) This is his only charitable contribution. He itemizes deductions and has an adjusted gross income of $80,000?

2) What is the maximum current year income tax deduction allowable for the client's charitable contribution?