Jerry made the following contributions during 2015: His synagogue (by check) 1020.00 The Democratic Party...

70.2K

Verified Solution

Question

Accounting

Jerry made the following contributions during 2015: His synagogue (by check) 1020.00 The Democratic Party (by check) 180.00 The american Red Cross (by check) 150.00 His lodge for a holiday party 100.00 In addition, Jerry donated furniture to the Salvation Army that he purchased years ago for 2000.00 with a fair market value of $400.00. Assuming Jerry has adjusted gross income of $45,000, has the neccessary written acknowledgements, and itemizes deductions, complete the Gifts to Charity section of schedule A below to show Jerry's deduction for 2015.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students