-Fatima's records contain the following information:

1. Donated stock having a fair market value of $4,000 to a qualified charitable organization. She acquired the stock five months previously at a cost of $3,000.

2. Paid $900 to a church school as a requirement for the enrollment of her son.

3. Paid $350 for annual homeowner's association dues.

4. Drove 500 miles in his personal auto. The travel was directly related to volunteer services she performed for her church.

How much can Fatima deduct as a charitable contribution?

A) $2,456

B) $3,070

C) $3,356

D) $4,000

-GarLee Grocery, Inc., a C corporation with high taxable income, donates some of its inventory to the Local Food Bank (a charitable organization) which distributes food to the needy. At the time of the contribution, the FMV of the inventory was $20,000, and GarLee Grocery's basis was $6,000. Lee Grocery will be allowed a charitable contribution deduction of

A) $8,000.

B) $12,000.

C) $13,000.

D) $20,000.

-For non-cash charitable donations, an appraisal will be required for donations valued at more than

A) $250.

B) $500.

C) $5,000.

D) $50,000.

-Henrys adjusted gross income is $50,000 in 2018. He donated a piece of artwork with a basis of $10,000 and a fair market value (FMV) of $25,000. He has owned the artwork for 10 years. The charity that Henry donated the artwork to is a public charity and will display the art work in its art center. What is the maximum charitable deduction in 2018 that Henry can take?

$0.

$10,000.

$15,000.

$25,000.