Robert & Becky( husband & wife) are both foyer and they contribute money to various organization each year. They file a joint return and their adjusted gross income for 2014 is $ 100,000.They
contributed to the following organization in 2014 :
$ 5,000 to ALTA SIERRA COUNTRY CLUS.
$ 10,000 TO PREVENT CRUELTY TO ANIMALS
$ 2,000 TO STATE BAR ASSOCIATION POLITICAL action committee .
$ 12,000 to cancer research foundation
Donated clothing to salvation army (Robert purchased the items for $ 1,000,
but the fair market, value of the same items at a thrift store is equal to $ 50 ).How much can Robert & Becky deduct
as charitable comtributions for the year 2014 ? a. $29,005, b. $22,050, c.
$ 25,000 , d. $ 24,000 .
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And you think ... ?
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