Robert and Becky (husband and wife) are both lawyers and they contribute money to various organizations each year.They file a joint return and their adjusted gross income for 2017 is $100,000.They contributed to the following organizations in 2017: -$5,000 to Shangri La country club
-$10,000 to the ASPCA
-$2,000 to State Bar Association Political Action Committee
-$12,000 to a juvenile diabetes research foundation
-Donated clothing to Goodwill.(Robert originally purchased the items for $400,but the fair market value of the same items at a thrift store is equal to $50. )
How much can Robert and Becky deduct as charitable contributions for the year 2017?
A) $29,050.
B) $25,000.
C) $24,000.
D) $22,050.
Correct Answer:
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