On December 27, 2021, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of underprivileged children. Each ticket cost $200 and had a fair market value of $35. On the same day as the purchase, Roberta gave the tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $4,000 to the building fund of her church. The pledge was satisfied by a check dated December 31, 2021, but not mailed until January 3, 2022. If an amount is zero, enter "0". a. Presuming Roberta is a cash basis and calendar year taxpayer, she can deduct $ for the tickets and for the pledge as a charitable contribution for 2021. b. Would the amount of the deduction be any different if Roberta were an accrual basis taxpayer? If Roberta is an accrual basis and calendar year taxpayer, she can deduct $ for the tickets and $ for the pledge as a charitable contribution for 2021.
On December 27, 2021, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of underprivileged children. Each ticket cost $200 and had a fair market value of $35. On the same day as the purchase, Roberta gave the tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $4,000 to the building fund of her church. The pledge was satisfied by a check dated December 31, 2021, but not mailed until January 3, 2022. If an amount is zero, enter "0". a. Presuming Roberta is a cash basis and calendar year taxpayer, she can deduct $ for the tickets and for the pledge as a charitable contribution for 2021. b. Would the amount of the deduction be any different if Roberta were an accrual basis taxpayer? If Roberta is an accrual basis and calendar year taxpayer, she can deduct $ for the tickets and $ for the pledge as a charitable contribution for 2021.
Chapter10: Deduct Ions And Losses: Certain Itemized Deduct Ions
Section: Chapter Questions
Problem 35P
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Transcribed Image Text:On December 27, 2021, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of
underprivileged children. Each ticket cost $200 and had a fair market value of $35. On the same day as the purchase, Roberta gave the
tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $4,000 to the
building fund of her church. The pledge was satisfied by a check dated December 31, 2021, but not mailed until January 3, 2022.
If an amount is zero, enter "0".
a. Presuming Roberta is a cash basis and calendar year taxpayer, she can deduct $
for the tickets and $
for the pledge as a charitable contribution for 2021.
b. Would the amount of the deduction be any different if Roberta were an accrual basis taxpayer?
If Roberta is an accrual basis and calendar year taxpayer, she can deduct $
for the tickets and
for the
pledge as a charitable contribution for 2021.
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