Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income is $60,000. Donation to Smith’s church | $5,000 | Art work donated to the local art museum
(Smith purchased it for $2,000 four months ago and a local art dealer appraised it for) | 3,000 | Contribution to a needy family | 1,000 |
What amount should Smith deduct as a charitable contribution?
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a. | $8,000 | |
b. | $5,000 | |
c. | $9,000 | |
d. | $7,000 |
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