While preparing Massie Miller's 2015 Schedule A, you review the following list of possible charitable deductions provided
Question:
Cash contribution to a family whose house burned down ........................ $1,000
Time while working as a volunteer at Food Bank
(5 hours @ $50/hour) ................................................................... 250
Cash contribution to United Methodist Church (receipt provided) ............... 800
Cash 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.") ......................................................... 500
Total ....................................................................................... $2,550
What would you say to Massie regarding her listed deductions? How much of the deduction is allowed for charitable contributions?
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Related Book For
Income Tax Fundamentals 2016
ISBN: 9781337343527
34th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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