What is the Schedule A deduction for charitable contributions? On May 14 of the current year, Paul contributed clothing to the Salvation Army. The original cost of the clothing was $740. He has substantiation valuing the donation at $360. In addition, he made the following cash contributions and received a statement from each of the following organizations acknowledging his contribution: Larkin College                                  $800 United Way                                         152 First Methodist Church                     790 Amos House (homeless shelter)        200 Local Chamber of Commerce          100 All of the above entities are nonprofit corporations and §501( c)(3) organizations except the Chamber of Commerce which is not a §501( c)(3) organization. Clothing to the Salvation Army

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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What is the Schedule A deduction for charitable contributions?

On May 14 of the current year, Paul contributed clothing to the Salvation Army. The original cost of the clothing was $740. He has substantiation valuing the donation at $360. In addition, he made the following cash contributions and received a statement from each of the following organizations acknowledging his contribution:

Larkin College                                  $800

United Way                                         152

First Methodist Church                     790

Amos House (homeless shelter)        200

Local Chamber of Commerce          100

All of the above entities are nonprofit corporations and §501( c)(3) organizations except the Chamber of Commerce which is not a §501( c)(3) organization.

Clothing to the Salvation Army
Larkin College
United Way
First Methodist Church
Amos House (homeless shelter)
Local Chamber of Commerce
Clothing to the Salvation Army
Larkin College
United Way
First Methodist Church
Amos House (homeless shelter)
Local Chamber of Commerce
 
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