Larry recorded the following donations this year: $510 cash to a family in need $2,410 to a church $510 cash to a political campaign To the Salvation Army household items that originally cost $1,210 but are worth $310. What is Larry's maximum allowable charitable contribution if his AGI is $60,100?

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Question:

Larry recorded the following donations this year: $510 cash to a family in need $2,410 to a church $510 cash to a political campaign To the Salvation Army household items that originally cost $1,210 but are worth $310. What is Larry's maximum allowable charitable contribution if his AGI is $60,100?

Answers

Answer:$2,720Explanation:A charitable contribution can be defined as the way in which a person or an individual try to donate his or her own money , goods or services to an organization thereby deducting the market value of this contribution from the person income tax return.$2,410 to a churchHousehold items worth of $310Total $2,720Therefore Larry maximum allowable charitable contribution if his AGI is $60,100 is $2,720

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