Multiple Choice
Ignacio and Perla are married and both are government employees.They contribute money to various organizations each year and file a joint return.Their adjusted gross income for 2017 is $100,000.They contributed to the following organizations in 2017: -$3,500 to the World Wildlife Foundation
-$10,000 to the Salvation Army
-$2,000 to a local city council candidate
-$11,000 to a breast cancer research hospital
-Donated clothing to Goodwill.(Ignacio purchased the items for $375,but the thrift shop value of the same items at a local second-hand store is equal to $60. )
How much can Ignacio and Perla deduct as charitable contributions for the year 2017?
A) $26,560.
B) $26,500.
C) $25,710.
D) $24,560.
Correct Answer:

Verified
Correct Answer:
Verified
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