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Ray Ray made the following contributions this year. Charity Property Cost FMV United Way Cash 8,930 8,930 American Heart Association Pepsi stock 11,249 12,855 First

Ray Ray made the following contributions this year.

Charity

Property

Cost

FMV

United Way

Cash

8,930

8,930

American Heart Association

Pepsi stock

11,249

12,855

First Methodist Church

Antique painting

2,301

7,148

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 30% of AGI ceiling?

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