Verne feels very charitable in 2020, and makes the following payments: $5000 to Rutgers University $10,000 to his local food bank, a qualified charity 45 hours of his time to the food bank (Verne earns $32 per hour) $450 in expenses while volunteering at the food bank $1000 to his friend running for mayor IBM stock to a qualified charity; held for 5 years, FMV = $10,000, basis = $20,000 Exxon stock to a qualified charity; held for 3 years, FMV = $40,000, basis = $15,000 Verne has 2020 AGI of $75,000. What is his 2020 charitable contribution deduction and carryover, if any?

	a.	$45,000 deduction; $21,450 carryforward
	b.	$37,500 deduction; $3950 carryforward
	c.	None of these
	d.	$37,500 deduction; $28,950 carryforward
	e.	$46,450 deduction; $0 carryforward