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Ray Ray made the following contributions this year. Property Cost Athens Academy School Cash $ 9,850 United Way Cash 8.650 American Heart Association Antique painting

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Ray Ray made the following contributions this year. Property Cost Athens Academy School Cash $ 9,850 United Way Cash 8.650 American Heart Association Antique painting 17,550 First Methodist Church Coca-Cola stock 16,550 FM $ 9,850 B, 650 87,750 24,825 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGl 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 Cash contributions S Property donations Maximum Amount 1 8,500 | $ 17,550

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