In 2019 Thor and Jane made the following contributions to the following organizations.

Charity

Property

Cost

FMV

Goodwill

Clothes and misc. household items (several years old)

$12,700 cost

$6,350 Fair market Value

War Museum

Coin Collection

$16,500Cost

$89,700FMV

Thor and Jane's best friends whose house was destroyed by tornado

Cash

$6,500Cost

$6,500FMV

Salvation Army

Cash

$15,500Cost

$15,500FMV

Toys for Tots

New toys

$2,900Cost

$2,900FMV

Henry Ford Hospital

Rigor stock

$22,000Cost

$8,000Fmv

Wayne State University

Exxon Mobil Stock (held 5 years)

$27,500Cost

$62,800FMV

Wayne State University

Cash

45,000Cost

$45,000FMV

Determine Thor and Jane's maximum deductible charitable contribution (and any carryover) assuming their AGI is $200,000.

Category

Amount

60%

50%

30%

Carryover

Determine Thor and Jane's maximum deductible charitable contribution (and any carryover) assuming their AGI is $350,000.

Category

Amount

60%

50%

30%

Carryover

Show Work for any potential partial credit