How much qualifies as a charitable contribution

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Question - In 2016, Jacob pays $4,000 to become a charter member of Northeastern University's Athletic Council. The membership ensures that Jacob will receive choice seating at all Northeastern's home football games. Also in 2016, Jacob pays $600 (the regular retail price) for season tickets for himself and his wife. For these items, how much qualifies as a charitable contribution?

Reference no: EM131580379

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