Charitable Contribution-Benefit Event
Response to the following problem:
A professional football team plays a game for the benefit of the American Heart Association each year. The admission charge is $32 per ticket, which is also the usual admission price for a professional football game. One-half of the purchase price goes directly to the American Heart Association. Clark purchases four tickets at a total cost of $128. Clark itemizes deductions.
a. How much can Clark deduct per ticket as a charitable contribution?
b. How would your answer to Part a. differ if Clark had no intention of going to the football game and in fact did not go, leaving the tickets unused?
c. How would your answer be different if Clark paid $32 for each ticket, when the usual admission charge per ticket was $20?