pualied chartable organization. Detemine the currem alowable charitable comtributisn deduction in each of the folioming independent

Fituakions, and indicate the treatmem for any amount that is fot deductible currently. Identify any planfing ideas to minimize Ramen's tax

labiky.

a$.$ A carih eift of $$103,000.$

In the current vear, Ramen mary deduct $

since his charitable comtribution is limited to $1$

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b$.$ A gift of OakCo stock worth $$103,000$ on the centribution date. Pamsen had acquired the stock as an investmemt two years ago at a coek

af $$92,700.$

The stocks value for determining the comtraution is $

The deduction for $2024$ is $

The remainify

s

can be carried forvard $**v{v}^{\text{'}}$ for

years.

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c$.$ A gift of a paimtine worth $$109,000$ that Ramen purchased three years ago for $$92,700.$ The chariky has indicated that if mould sell the

painting to generate casih to fund medical research.

The centribution ki valued at:

$.$ The amount deductible in the currerk year is $1$

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d$.$ Pamon has decided to make a cash git to the American Heart Association of $$144,200.$ Howervet, he is considering delaying his pift until

$2024$ when his ACI wil increase to $$300,000$ and he wil be in the $32\%$ income tax bracket, an increase from his $2023$ income tax bracket

of $24\%.$

Assume a $6\%$ dikcount rate. The presert value factors, at a $6\%$ docount rabe, are as folloms:

If required, round your final answers to the nearest dollar.

Ramon askis you to determine the tax svings from the tax deduction in present value tems if he were to make the gift in $2023$ father than

delay the gift until $2024.$

Total present value of tax savings from the tax deduction if made this year: $f$

Total present value of tax savings from the tax deduction if made next year: $5$