Ray ray made the following contributions this year
charity property cost fmv
athens academy school cash $ 7,650 $ 7,650
united way cash 5,450 5,450
american heart association antique painting 15,250 76,250
first methodist church coca-cola stock 12,250 18,375
determine the maximum amount of charitable deduction for each of these contributions ignoring the agi ceiling on charitable contributions and assuming that the american heart association plans to sell the antique painting to fund its operations. ray ray has owned the painting and coca-cola stock since 1990.

cash contributions maximum

property donations maximum amount?

If you want to compare two different investments, what should you calculate

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?