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Erin's Records Reflect the Following Information: 1

question 79

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Erin's records reflect the following information: 1.Paid $200 dues to a fraternal organization (such as the Elks Club) .
2) Donated stock having a fair market value of $3,500 to a qualified charitable organization.She purchased the stock 2 years earlier for $3,000.
3) Paid $1,600 cash to qualified public charitable organizations.
Erin's adjusted gross income for this year was $50,000.What is the amount of her charitable contribution deduction for the year?


Definitions:

Duties

Obligations or tasks that an individual is expected or required to perform.

Registered Medical Assistant

A medical assistant who has obtained certification from an accredited body, demonstrating a level of knowledge and competency in healthcare assisting.

Credentialed

Refers to having official documentation or certification that verifies one's qualifications or authority in a specific field.

Competency-Based

An approach to education and training that focuses on the ability of an individual to perform specific skills or competencies.

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