Question
Ray Ray made the following contributions this year. Charity Property Cost FMV United Way Cash 7,863 7,863 American Heart Association Pepsi stock 11,049 12,732 First
| Ray Ray made the following contributions this year.
American Heart Association plans to sell the stock to fund its operations. First Methodist Church intends to sell the antique painting. Ray Ray has owned the painting and Coca-Cola stock since 1990. What is the total amount of charitable contributions subject to the 50% of AGI ceiling? | |||||||||||||||||||||||||||||
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Payroll Accounting 20
Authors: Bernard J. Bieg, Judith A. Toland
26th Edition
1337268798, 9781337268790
