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Case #3: Joey has the following assets and he has asked you to help him decide which asset(s) he should give to his favorite charity;

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Case #3: Joey has the following assets and he has asked you to help him decide which asset(s) he should give to his favorite charity; Junior Achievement of NJ. In total, Joey is looking to give $25,000 this year. His Adjusted Gross Income is currently $60,000. Fair Market Value Cost basis Asset Amount of time owned Cash $15,000 $15,000 | N/A Netflix Stock $10,000 $20,000 Less than one year $20,000 $30,000 Growth Fund of America Mutual Fund More than one year Vanguard Bond Fund $10,000 $11,000 More than one year Stamp Collection $10,000 $10,000 More than one year What assets should Joey give to Junior Achievement of NJ considering his AGI and the value and cost basis of each asset? In addition, you should also consider his liquidity as the $15,000 in 1 cash is to help support his emergency fund just in case he has future financial needs. Make sure you explain to Joey how his contributions will be deducted for tax purposes. Case #3: Joey has the following assets and he has asked you to help him decide which asset(s) he should give to his favorite charity; Junior Achievement of NJ. In total, Joey is looking to give $25,000 this year. His Adjusted Gross Income is currently $60,000. Fair Market Value Cost basis Asset Amount of time owned Cash $15,000 $15,000 | N/A Netflix Stock $10,000 $20,000 Less than one year $20,000 $30,000 Growth Fund of America Mutual Fund More than one year Vanguard Bond Fund $10,000 $11,000 More than one year Stamp Collection $10,000 $10,000 More than one year What assets should Joey give to Junior Achievement of NJ considering his AGI and the value and cost basis of each asset? In addition, you should also consider his liquidity as the $15,000 in 1 cash is to help support his emergency fund just in case he has future financial needs. Make sure you explain to Joey how his contributions will be deducted for tax purposes

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