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What is the amount of the charitable deduction

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Reference no: EM131988120

Question - Bonnie's charitable contributions and AGI for the past four years were as follows:

2007 2008 2009 2010

AGI $50,000 $55,000 $58,000 $60,000

Contributions subject to the 50% limitation 40,000 29,000 25,000 10,000

Required: What is the amount of the charitable deduction for each year and the order in which the deduction and carryovers are used?

Reference no: EM131988120

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