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QUESTION 7 Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School United Way cash $5,000 $5,000 cash 4,000
QUESTION 7 Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School United Way cash $5,000 $5,000 cash 4,000 4,000 American Heart Association Antique painting 15,000 75,000 First Methodist Church Coca Cola stock 12,000 23,000 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. QUESTION & Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Stephanie reported $400 of earnings from her babysitting Calculate the 2021 standard deduction Stephanie will claim (assume that Stephanie's parents will claim her as a dependent).
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