Ty Cos, a single philanthropist, enjoys helping others by spreading his wealth and performing services in his community. In the current year, Ty$$s records contain the following information. Donated stock with a FMV of $$3,000$ to qualified charitable organizations. He acquired the stock $9$ months earlier at a cost of $$2,000.$ Donated used clothing with a FMV of $$300$ to church mission. Performed services with a value of $$400$ to local nonprofit hospitals. Purchased four tickets to church barbecue. Each ticket cost $$70$ and had a FMV of $$20.$ Dinner$=$$$20$ per person. Donated a tract of land purchased $7$ years ago for $$9,000.$ Its appraised value at the time of contribution was $$12,000.$ During the current year, Ty had adjusted gross income of $$120,000.$ What is Ty$$s charitable deduction for the current year? Answer: $$14,500$ show a step by step explanation