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In 2006, Jose pays $5,000 to become a charter member of Private University's Athletic Council. The membership ensures that Jose will receive choice seating at all of Private's home football games. Also in 2006, Jose pays $1,000 (the regular retail price) for season tickets for himself and his wife. For these items, how much qualifies as a charitable contribution?

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Accounting Basics, Accounting

Category:- Accounting Basics
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