Example 20 in the textbook happens to involve a contribution to the Girl Scouts. Don’t know about you, but there’s a charitable organization I can’t hear the name of without thinking about cookies… So Girl Scout cookie season comes around again, and of course you stock up at $5 a box or whatever the outrageous price has risen to lately. How much of the total amount you hand over to the 10 year-old budding entrepreneur in front of you in order to extract your cookies from her iron grip will you claim on Schedule A as a charitable contribution deduction, and why? Note: Assume, if relevant, that the Girl Scouts themselves pay the bakery $1 per box.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter13: Investment Fundamentals
Section: Chapter Questions
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Example 20 in the textbook happens to involve a contribution to the Girl Scouts. Don’t know about you, but there’s a charitable organization I can’t hear the name of without thinking about cookies…

So Girl Scout cookie season comes around again, and of course you stock up at $5 a box or whatever the outrageous price has risen to lately. How much of the total amount you hand over to the 10 year-old budding entrepreneur in front of you in order to extract your cookies from her iron grip will you claim on Schedule A as a charitable contribution deduction, and why?

Note: Assume, if relevant, that the Girl Scouts themselves pay the bakery $1 per box.

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