Charles has AGI of $50,000 and has made the following payments related to (1) land he inherited from his deceased aunt and (2) a personal vacation taken last year. State inheritance tax on the land County real estate tax on the land School district tax on the land City special assessment on the land (new curbs and gutters) State tax on airline tickets (paid on vacation) Local hotel tax (paid during vacation) $ 1,200 1,500 690 700 125 195 Calculate the amount of taxes Charles may include in his itemized deductions for the year under the following circumstances: Note: Leave no answer blank. Enter zero if applicable. a. Suppose that Charles holds the land for appreciation. Deductible taxes from AGI b. Suppose that Charles holds the land for rent. Deductible taxes from AGI c. Suppose that Charles holds the land for appreciation and that the vacation was actually a business trip. Note: Apply limits if applicable. Deductible taxes from AGI Ray Ray made the following contributions in 2022. Charity Athens Academy School United Way American Heart Association First Methodist Church Property Cost Cash $ 5,000 Cash 4,000 Antique painting Coca-Cola stock 15,000 12,000 FMV $ 5,000 4,000 75,000 20,000 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 Property donations Maximum Amount