eBook Problem 10-34 (LO. 6, 8) Ramon had AGI of $180,000 in 2022. He is considering making a charitable contribution this year to the American Heart Association, a qualified charitable organization. Determine the current allowable charitable contribution deduction in each of the following independent situations, and indicate the treatment for any amount that is not deductible currently. Identify any planning ideas to minimize Ration's tax liability a. A cash gilt ol 595,000 in the current year, Ramon may deducts X since his charitable contribution is limited to s X Feedback Check My Work b. A gift of Oako stock worth $95,000 on the contribution date. Ramon had acquired the stock as an investment two years ago at a cost of $84,000 The stock's value for determining the contribution is s The deduction for 2022 The remaining can be carried forward for years. Feedback Check My. W c. A gift of a painting worth 595,000 that Ramon purchased three years ago for $60,000. The charity has indicated that it would sell the painting to generate cash to fund medical research Check My Work Pres All work saved Email Instructor Save and Exit Submit C. A gift of a painting worth $95,000 that Ramon purchased three years ago for $60,000. The charity has indicated that it would sell the painting to generate cash to fund medical research The contribution is valued at The amount deductible in the current year is Feedback Check My Work Incorrect d. Ramon has decided to make a cash gift to the American Heart Association of $113,000. However, he is considering delaying his gift until the following year when his AGI will increase to $300,000 and he will be in the 32% income tax bracket, an increase from his 2022 income tax bracket of 24% Assume a 6% discount rate. The present value factors, at a 6% discount rate, are as follows: Year 1 PV Factor at 6% 0.9434 0.8396 3 5 0.7473 If required, round your final answers to the nearest dollar. Ramon asks you to determine the tax savings from the tax deduction in present value terms if he were to make the gift this year rather than delay the ait until next year Total present value of tax savings from the tax deduction of made this year: Total present value of tax savings from the tax deduction it made next years Previous