Determine the total amount that will qualify for itemized deduction by the taxpayer. Ron's AGI was $14,750. This year he gave $100 each month to public charities.  In August, Ron bought $250 of raffle tickets at his church's annual benefit fair (unfortunately, he did not win any of the really great prizes!).  He also gave workable old appliances worth $450 to the American Red Cross Hurricane Relief Fund during the year.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Determine the total amount that will qualify for itemized deduction by the taxpayer.

Ron's AGI was $14,750. This year he gave $100 each month to public charities.  In August, Ron bought $250 of raffle tickets at his church's annual benefit fair (unfortunately, he did not win any of the really great prizes!).  He also gave workable old appliances worth $450 to the American Red Cross Hurricane Relief Fund during the year. 

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