Problem 5-28Contributions (LO 5.9)Jerry made the following contributions during 2021:His synagogue (by check)$1,100The Republican Party (by check)180The American Red Cross (by check)200His lodge fraternal organization for tickets to (a100social club) a holiday partyIn addition, Jerry donated used furniture to the Salvation Army costing $400 with a fair market value of $200. Jerry has adjusted gross income of$45,000, the necessary written acknowledgments, and he itemizes his deductions.Complete the Gifts to Charity section of Schedule A below to show Jerry's deduction for 2021.Enter all amounts as positive numbers.Gifts to11 Gifts by cash or check. If you made any gift of $250 or more,Charitysee instructions. .1112 Other than by cash or check. If you made any gift of $250 orCaution: If youmore, see instructions. You must attach Form 8283 if overmade a$500 ....12gift and got abenefit for it,13 Carryover from prior year.13see instructions.14 Add lines 11 through 1314

Gifts toCharity 11 Gifts by cash or check. If you made any gift of $250 or more,…

Answered: Complete the Gifts to Charity section…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Problem 5-28
Contributions (LO 5.9)
Jerry made the following contributions during 2021:
His synagogue (by check)
$1,100
The Republican Party (by check)
180
The American Red Cross (by check)
200
His lodge fraternal organization for tickets to (a
100
social club) a holiday party
In addition, Jerry donated used furniture to the Salvation Army costing $400 with a fair market value of $200. Jerry has adjusted gross income of
$45,000, the necessary written acknowledgments, and he itemizes his deductions.
Complete the Gifts to Charity section of Schedule A below to show Jerry's deduction for 2021.
Enter all amounts as positive numbers.
Gifts to
11 Gifts by cash or check. If you made any gift of $250 or more,
Charity
see instructions. .
11
12 Other than by cash or check. If you made any gift of $250 or
Caution: If you
more, see instructions. You must attach Form 8283 if over
made a
$500 ....
12
gift and got a
benefit for it,
13 Carryover from prior year.
13
see instructions.
14 Add lines 11 through 13
14

Expert Solution

Step 1

Gifts to Charity	11	Gifts by cash or check. If you made any gift of $250 or more,
Gifts to Charity		see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11	$1300
Caution: If you made a gift and got a benefit for it, see instructions.	12	Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 . . . . .	12	$200
	13	Carryover from prior year. . . . . . . . . . . . . . . . . . . . . . . . .	13	$0
	14	Add lines 11 through 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .			14	$1500

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions