You are a senior government major at City University. Two of the five seats on city council are up for election. Friends, knowing your interest in local politics, encourage you to run for city council. You are elected by a two to one majority. You received campaign contributions from the following:
|
Your parents |
$1,000 |
|
Your sister |
1,500 |
|
Government professor who is your faculty |
|
|
adviser |
500 |
|
Friends who are classmates |
750 |
|
Other friends |
400 |
All of these funds were used for legitimate campaign purposes (e.g., signs and ads in local newspaper). How much of the campaign contributions can be deducted by the donors?