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Author Question: Erin's records reflect the following information: 1. Paid $200 dues to a fraternal organization ... (Read 64 times)

vicotolentino

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Erin's records reflect the following information:

1.  Paid $200 dues to a fraternal organization (such as the Elks Club).
2.  Donated stock having a fair market value of $3,500 to a qualified charitable organization. She purchased the stock 2 years earlier for $3,000.
3.  Paid $1,600 cash to qualified public charitable organizations.

Erin's adjusted gross income for this year was $50,000. What is the amount of her charitable contribution deduction for the year?
◦ $4,600
◦ $4,800
◦ $5,100
◦ $5,300


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Marked as best answer by vicotolentino on Sep 13, 2020

k.lashomb

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vicotolentino

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Reply 2 on: Sep 13, 2020
:D TYSM


amandanbreshears

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Reply 3 on: Yesterday
Excellent

 

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