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Posted: March 22nd, 2023
Foothill College ACCT acct067 In March of 2015, Thomas makes a $5,000 cash contribution to a public
In March of 2015, Thomas makes a $5,000 cash contribution to a public university. In that month, he also donates $20,000 to an organization subject to the 30 percent limitation. Thomas has adjusted gross income for 2015 of $35,000. What is the amount of Thomasâs 2015 charitable contribution deduction? (show work)a. $5,000 b. $23,000 c. $10,500 d. $15,500e. None of the above
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