Question

Larry recorded the following donations this year: $510 cash to a family in need $2,410 to a church $510 cash to a political campaign To the Salvation Army household items that originally cost $1,210 but are worth $310. What is Larry's maximum allowable charitable contribution if his AGI is $60,100?

Answer 1

$2,720

Step-by-step explanation:

A charitable contribution can be defined as the way in which a person or an individual

try to donate his or her own money , goods or services to an organization thereby deducting the market value of this contribution from the person income tax return.

$2,410 to a church

Household items worth of $310

Total $2,720

Therefore Larry maximum allowable charitable contribution if his AGI is $60,100 is $2,720