Max made the following contributions this year: Charity Athens Academy School United Way American Heart Association First Methodist Church Property cash cash Antique painting Coca Cola stock Cost FMV $7,000 $7,000 $5,000 $5,000 $15,000 5,000 $22,000 $20,000 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions. Assume that the American Heart Association plans to sell the antique painting to fund its operations. Max has owned the painting and Coca-Cola stock since 1990. Show your work.

Max made the following contributions this year (20 points): Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions. Assume that the American Heart Association plans to sell the antique painting to fund its operations. Max has owned the painting and Coca-Cola stock since 1990. Show your work