George has adjusted gross income for the year of $300,000.00. George made charitable contributions as follows: IBM held long-term stock to American Cancer Society (fmy $38,000, basis $10,000). Machinery held long term (fmy $45,000.00, basis $40,000) to a private charity. $42,000.00 to the American Red Cross. Inventory (fmy $60,000.00, basis $55,000.00) to a private charity, Joe, age 17, single and blind is the dependent son of his parents. George's charitable contribution deduction and carryover in each limitation category is: Charitable Contribution deduction = __________ 50% __________ 30%-Public __________ 30% - Private __________ 20% _________ Carryover __________ George has adjusted gross income for the year of $300,000.00. George made charitable contributions as follows: IBM held long-term stock to American Cancer Society (fmy $38,000, basis $10,000). Machinery held long term (fmy $45,000.00, basis $40,000) to a private charity. $42,000.00 to the American Red Cross. Inventory (fmy $60,000.00, basis $55,000.00) to a private charity, Joe, age 17, single and blind is the dependent son of his parents. George's charitable contribution deduction and carryover in each limitation category is: Charitable Contribution deduction = __________ 50% __________ 30%-Public __________ 30% - Private __________ 20% _________ Carryover __________