In 2011,Terry pays $10,000 to become a charter member of Eastern University's Athletic Council.The membership ensures that Terry will receive choice seating at all of Eastern's home basketball games.Also in 2011,Terry pays $1,200 (the regular retail price) for season tickets for himself and his wife.For these items,how much qualifies as a charitable contribution?
A) $6,000.
B) $6,800.
C) $8,000.
D) $10,000.
E) None of the above.
Correct Answer:
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