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Business, 03.12.2019 04:31 Yamari000

Smith, a single individual, made the following charitable contributions during the current year. smith’s adjusted gross income is $60,000.
donation to smith’s church: $5,000
art work donated to the local art museum
(smith purchased it for $2,000 four months ago and a local art dealer appraised it for): $3,000
contribution to a needy family: $1,000
what amount should smith deduct as a charitable contribution?
a. $7,000
b. $8,000
c. $5,000
d. $9,000

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