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Ray Ray made the following contributions this year. Cost FMV $ 7,650 $ 7,650 5,450 5,450 Charity Athens Academy School United Way American Heart Association

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Ray Ray made the following contributions this year. Cost FMV $ 7,650 $ 7,650 5,450 5,450 Charity Athens Academy School United Way American Heart Association First Methodist Church Property Cash Cash Antique painting Coca-Cola stock 15,250 12,250 76,250 18,375 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. Maximum Amount Cash contributions Property donations Ray Ray made the following contributions this year. Cost FMV $ 7,650 $ 7,650 5,450 5,450 Charity Athens Academy School United Way American Heart Association First Methodist Church Property Cash Cash Antique painting Coca-Cola stock 15,250 12,250 76,250 18,375 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. Maximum Amount Cash contributions Property donations

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