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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

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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 liabisity. a. A cash gitt of $61,500. In the current year, Ramon may deducts since his charitable contribution is limited to 1 b. A gift of OakCo stock worth $61,500 on the contribution date. Ramon had ocquired the stock as an ifvestment two years ago at a cost of $55,350 The stock's value for determining the contribution is $ The deduction for 2023 is 5 The remaining for years c. A gift of a painting worth $61,500 that Ramen purchased three years ago for 555,350 . The chanity 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 1 d. Ramon has decided to make a cash gift to the American Heart Association of $86,100. However, he is considering delaying his gift until the following year when his ACt will increase to $300,000 and he wal 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: 2 more Check My Woik Uses remaing d. Ramon has decided to make a cash gift to the American Heart Association of $86,100. However, he is considering delaying his gift until the following year when his AGI wil 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: If required, round your final answers to the nearest dollar. Pamon asks you to determine the tax savings from the tax deduction in present value terms if he were to make the oif this yeac rather than detoy the gift untif next year. Totai present value of tax savings from the tax deduction if made this year: 1 Total aresent value of tax savings from the tax deduction if made next yean s 2 mote Chack My Work uses remaining

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