For 2021, Eugene and Linda had adjusted gross income of $30,000. Additional information for 2021 is as follows.Cash contribution to church$1,300Tuition paid to a parochial school$1,200Cash contribution to a qualified charity$400Cash contribution to a needy family$100What is the maximum amount they can deduct for charitable contributions in 2021?a.$1,700b.$2,000c.$1,600d.$500e.None of these choices are correct.

Solution:- Given, Eugene and Linda has adjusted gross income of $30,000 Cash contribution to church…

Answered: What is the maximum amount they can…

What is the maximum amount they can deduct for charitable contributions in 2021? a.$1,700 b.$2,000 c.$1,600 d.$500 e.None of these choices are correct.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 8DQ

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Question

For 2021, Eugene and Linda had adjusted gross income of $30,000. Additional information for 2021 is as follows.

Cash contribution to church	$1,300
Tuition paid to a parochial school	$1,200
Cash contribution to a qualified charity	$400
Cash contribution to a needy family	$100

What is the maximum amount they can deduct for charitable contributions in 2021?

a.$1,700

b.$2,000

c.$1,600

d.$500

e.None of these choices are correct.

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