Linda's personal records for the current year show the following facts: • Pays $11,000 to St. John's Church. $4,000 is for her daughter's tuition in the church's middle school and she contributes the balance when she attends church.
• Linda has diabetes and gives $800 to the American Diabetes Association in hopes that she will benefit from a cure
• Pays $300 in annual dues to the Moose Lodge.
• National Airways, Inc., common stock with a fair market value of $2,000 to the March of Dimes. The stock was purchased 4 years ago for $3,000. Linda's AGI for the current year is $32,000. What is her charitable contribution deduction?
A) $ 7,000
B) $ 9,000
C) $ 9,800
D) $10,800
E) $13,800
Correct Answer:
Verified
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