Business, 27.03.2020 03:53, ayoismeisalex

Ray Ray made the following contributions this year. CharityProperty Cost FMV Athens Academy SchoolCash$9,950$9,950 United WayCash 6,450 6,450 American Heart AssociationAntique painting 16,750 83,750 First Methodist ChurchCoca-Cola stock 12,850 19,275 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.

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Ray Ray made the following contributions this year. CharityProperty Cost FMV Athens Academy SchoolCa...