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What is the maximum amount that hadjer can deduct

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Question - Hadjer, a married taxpayer, had $75,000 in adjusted gross income for Year 9. During Year 9, Hadjer donated land to a school. Hadjer also made a total of $7,500 in cash donations to a church over the course of the year. Hadjer purchased the land in Year 1 as an investment for $12,000. The fair market value of the land was $16,000 on the day it was donated. What is the maximum amount that Hadjer can deduct as charitable contributions for Year 9?

$23,500

$22,500

$19,500

$7,500

Reference no: EM131975303

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