Ramon had AGI of $180,000 in 2015. He is considering making a charitable contribution this year to the American Heart Association, a 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.

a. A cash gift of $95,000.

The cash gift of $______ is fully deductible as a charitable contribution. However, in the current year, Ramons deduction is limited to $______. The remaining $_______ can be carried forward for five years.

b. A gift of OakCo stock worth $95,000 on the contribution date. Ramon had acquired the stock as an investment two years ago at a cost of $84,000.

Ramons value for the contribution is $________, the fair market value of the stock. The deduction for 2015 is limited to ______ . The remaining $______ can be carried forward for five years.

c. A gift of a painting worth $95,000 that Ramon purchased three years ago for $60,000. The charity has indicated that it would sell the painting to generate cash to fund medical research.

The contribution is valued at $______. The amount is fully deductible in the current year because the gift is (above/below) the applicable _____%of AGI limitation.