Problem $10-34($Algorithmic$)($L$0.6,8)$

Ramon had AGI of $$139,000$ in $2023.$ 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 Ramon's tax liability.

a$.$ A cash gift of $$69,500.$

In the current year, Ramon may deduct $ since his charitable contribution is limited to &

b$.$ A gift of OakCo stock worth $$69,500$ on the contribution date. Ramon had acquired the stock as an investment two years ago at a cost of $$62,550.$

The stock's value for determining the contribution is $ $.$ The deduction for $2024$ is : $.$ The remaining $ $$ for $$ years.

c$.$ A gift of a painting worth $$69,500$ that Ramon purchased three years ago for $$62,550.$ 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 $ $$

d$.$ Ramon has decided to make a cash gift to the American Heart Association of $$97,300.$ However, he is considering delaying his gift until $2024$ when his AGI will increase to $$300,000$ and he will be in the $32\%$ income tax bracket, an increase from his $2023$ income tax bracket of $24\%.$

d$.$ Ramon has decided to make a cash gift to the American Heart Association of $$97,300.$ However, he is considering delaying his gift until $2024$ when his AGI will increase to $$300,000$ and he will be in the $32\%$ income tax bracket, an increase from his $2023$ income tax bracket of $24\%.$

Assume a $6\%$ discount rate. The present value factors, at a $6\%$ discount rate, are as follows:

$\backslash$table$[[$Year$,$PV Factor at $6\%$