Question

Larry recorded the following donations this year: $690 cash to a family in need $2,590 to a church $690 cash to a political campaign To the Salvation Army household items that originally cost $1,390 but are worth $490. What is Larry's maximum allowable charitable contribution if his AGI is $61,900?

Answer 1

Answer: $3080

Step-by-step explanation:

Larry's maximum allowable charitable contribution if his AGI is $61,900 will be calculated as the addition of the $2,590 to a church and the worth of $490 of household items. This will be:

= $2590 + $490

= $3080

Therefore, the answer is $3080