QUESTION 4 (15 points)

In 2018 Zeus and Zilly made the following contributions to the following organizations.

	Charity	Property	Cost	FMV
	Goodwill	Clothes and misc. household items (several years old)	$9,700	$2,350
	Historical Museum	Coin Collection	$12,500	$89,700
	Zeus and Zillys best friend whose house burned down	Cash	$2,500	$2,500
	UNICEF organization	Cash	$10,500	$10,500
	Toys for Tots	New toys	$1,500	$1,500
	Beaumont Hospital	Rigor stock	$9,000	$4,000
	Walker State University	Exxon Mobil Stock (held 5 years)	$14,500	$42,800
	Minor State University	Cash	$35,000	$35,000

Determine the maximum amount of charitable deduction for each of these contributions ignoring any AGI ceiling on charitable contributions and assuming that the Historical Museum plans to display the coin collection in the museum. Assume Zeus and Zillys AGI is 200,000.

Category	Amount

Determine the maximum amount of charitable deduction for each of these contributions ignoring any AGI ceiling on charitable contributions and assuming that the Historical Museum plans to display the coin collection in the museum. Assume Zeus and Zillys AGI is 350,000.

Category	Amount

Determine Zeus and Zillys maximum deductible charitable contribution (and any carryover) assuming their AGI is $200,000.

Category	Amount
Carryover

Determine Zeus and Zillys maximum deductible charitable contribution (and any carryover) assuming their AGI is $350,000.

Category	Amount
Carryover

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