Larry Recorded the Following Donations This Year: $670 Cash to a Family

Larry recorded the following donations this year: $670 cash to a family in need
$2,570 to a church
$670 cash to a political campaign
To the Salvation Army household items that originally cost $1,370 but are worth $470.
What is Larry's maximum allowable charitable contribution if his AGI is $61,700?

A) $3,240
B) $1,340
C) $3,040
D) $5,280
E) None of the choices are correct..

Correct Answer:

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