Joe Smith paid $500.00 to attend a fund raiser for a qualified charity 100 miles from home. He purchased a painting at a silent auction for $1000.00. The fair market value of the painting was $250.00 and the dinner was $50.00. While there he met the governor and contributed $500.00 to the governor’s re-election campaign. How much can Joe claim as a charitable contribution deduction? Why?
2007-01-02
09:27:08
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3 answers
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asked by
bueyes67
2
in
Business & Finance
➔ Taxes
➔ United States