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What is amount of Thomas charitable contribution deduction

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Reference no: EM132704213

Problem - In March of 2018, Thomas makes a $5,000 cash contribution to a public university. In that month, he also donates $20,000 to an organization subject to the 30 percent limitation. Thomas has adjusted gross income for 2018 of $30,000. What is the amount of Thomas's 2018 charitable contribution deduction?

a. $5,000

b. $23,000

c. $14,000

d. $15,500

e. None of the above

Reference no: EM132704213

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