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  3. larry recorded the following donations this year:

Larry recorded the following donations this year: $500 cash to a family in need $2,400...

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Accounting

Larry recorded the following donations this year:

$500 cash to a family in need

$2,400 to a church

$500 cash to a political campaign

To the Salvation Army household items that originally cost $1,200 but are worth $300.

What is Larry's maximum allowable charitable contribution if his AGI is $60,000?

a) $2,900

b) $1,000

c) $2,700

d) $4,600

e) None of the choices are correct

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