6. Stephen and Jeanine made a $125,000 cash donation to a church (50% limit organization) in 2018. Stephen and Jeanine filed a joint tax return. Their adjusted gross income in 2018 was $472,650. For charitable deduction purposes, how much were Stephen and Jeanine permitted to deduct?

7. In 2018, Squall donates stock with an FMV of $60,000 to a church (50% limit organization). He paid $40,000 for the stock 3 years ago. His AGI is $100,000 in 2018. Note that stock is intangible property and is not subject to the tangible personal property use-related rules. a. If he chooses NOT to make the basis election, how much of this contribution is deductible in 2018?

b. If he chooses to MAKE the basis election, how much of this contribution is deductible in 2018?

8. Ryan has AGI this year of $200,000. He contributed $80,000 of cash and $70,000 of long-term capital gain property (stock with a basis of $20,000) to the Irish Heritage Museum, a 50% limit organization. What is the maximum amount of charitable contribution he can deduct this year?