Homer Has AGI of $41,500, and Makes the Following Donations $\$ 1,000$

Multiple Choice

Homer has AGI of $41,500, and makes the following donations in the current year:
What is Homer's charitable contribution deduction for the current year?
- $\$ 1,000$ cash to the United Way.
-100 hours contributed to the Red Cross to help flood victims (Homer's normal billing rate is $\$ 40$ per hour in his consulting business) .
- 15 old dress shirts to Goodwill Industries, (original cost $\$ 300$ ; fair market value $\$ 60$ ) .
- $\$ 1,000$ cash to an old friend, Sam, to help cover his medical bills

A) $1,000-
B) $1,060
C) $1,300
D) $2,060
E) $6,300