Scroll down to complete all parts of this task. You have been asked to calculate the allowable charitable contributions deduction for several clients in the preparation of their U.S. Individual Income Tax Return (Form 1040) for Year 2. You have been provided with the following information: The fair market value of property contributed represents its fair market value at the date of contribution. For each client, calculate the maximum allowable contribution deduction for Year 2 before any adjusted gross income limitations. Enter amounts as positive, whole values. If an amount is zero, enter a zero (0) Taxpayer contributions made 1. Client #1 Contributions made in Year 2 included the following Cash to a local religious institution: $4,000 Cash to a political action committee: $400 Publicly traded stock held for 36 months (FMV- $6,000; Cost-$5,000) to a state university Cash to a local science museum: $500 Rental value of property occupied by a nationally organized charity at no charge: $5,000 Allowable charitable contributions