Jerry made the following contributions during 2022: His synagogue (by check) The Republican Party (by check) $4,500 400 The American Red Cross (by check) 1,000 His fraternal organization for tickets to a holiday party 100 6,000 A baseball autographed by hall-of-fame baseball pitcher Sandy Koufax (basis $0) donated to a public charity In addition, Jerry donated used furniture to the Salvation Army that he purchased years ago for $10,000 with a fair market value of $2,000. Assume Jerry has adjusted gross income of $25,000, has 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 2022. Enter all amounts as positive numbers. Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions. 11 5,500 Caution: If you made a 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. gift and got a benefit for it, see instructions. 13 Carryover from prior year. 14 Add lines 11 through 13 12 6,100 X 13 14 11,600 X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Jerry made the following contributions during 2022:
His synagogue (by check)
The Republican Party (by check)
$4,500
400
The American Red Cross (by check)
1,000
His fraternal organization for tickets to a holiday
party
100
A baseball autographed by hall-of-fame baseball
pitcher Sandy Koufax (basis $0) donated to a public
charity
6,000
In addition, Jerry donated used furniture to the Salvation Army that he purchased years ago for $10,000 with a fair market value of $2,000.
Assume Jerry has adjusted gross income of $25,000, has 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 2022.
Enter all amounts as positive numbers.
Gifts to
Charity
11 Gifts by cash or check. If you made any gift of $250 or more,
see instructions.
11
5,500
Caution: If you
made a
gift and got a
benefit for it,
see instructions.
13 Carryover from prior year.
14 Add lines 11 through 13
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
6,100 X
13
14
11,600 X
Transcribed Image Text:Jerry made the following contributions during 2022: His synagogue (by check) The Republican Party (by check) $4,500 400 The American Red Cross (by check) 1,000 His fraternal organization for tickets to a holiday party 100 A baseball autographed by hall-of-fame baseball pitcher Sandy Koufax (basis $0) donated to a public charity 6,000 In addition, Jerry donated used furniture to the Salvation Army that he purchased years ago for $10,000 with a fair market value of $2,000. Assume Jerry has adjusted gross income of $25,000, has 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 2022. Enter all amounts as positive numbers. Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions. 11 5,500 Caution: If you made a gift and got a benefit for it, see instructions. 13 Carryover from prior year. 14 Add lines 11 through 13 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 6,100 X 13 14 11,600 X
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Statements
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
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education