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Problem 6-46 (LO 6-2) (Algo) Ray Ray made the following contributions in 2021. Charity Athens Academy School United Way American Heart Association First Methodist

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Problem 6-46 (LO 6-2) (Algo) Ray Ray made the following contributions in 2021. Charity Athens Academy School United Way American Heart Association First Methodist Church Property Cost Cash Cash $ 5,600 FMV $5,600 7,200 7,200 Antique painting Coca-Cola stock 16,100 80,500 12,900 19,350 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990. Cash contributions Property donations Maximum Amount D

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