question archive Wilhelm Klink had adjusted gross income of $155,130 in 2019
Wilhelm Klink had adjusted gross income of $155,130 in 2019
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Wilhelm Klink had adjusted gross income of $155,130 in 2019. During the year, he made the following contributions to qualifying organizations:
$47,150 cash to U-Mass Law School
$26,410 cash to Monroe College
$35,700 cash to the Salvation Army
$13,540 cash to the St. Jude Children's Research Hospital
In addition, he gave $9,462 cash to his favorite cousin, Albert Burkhalter, to help Albert pay his graduate school tuition this year. How much is his charitable contribution deduction this year?
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Wilhelm Klink's charitable contribution deduction this year
$122,800
Step-by-step explanation
Cash to U-Mass Law School $47,150
Cash to Monroe College $26,410
Cash to the Salvation Army $35,700
Cash to the St. Jude Children's Research Hospital $13,500
Total Wilhelm Klink's charitable contribution deduction $122,800
The cash given to his favorite cousin of $9,462 does not qualify as a charitable deduction as it is more of a gift to help in clearing his graduate school tuition.
