This Year Latrell Made the Following Charitable Contributions Determine the Maximum Amount of Latrell's Charitable Deduction Assuming the Donee

question 44

Essay

This year Latrell made the following charitable contributions:
$\begin{array}{l}\begin{array}{lll}\text { Donee }\\\text { Jones Foundation}\\\text { Salvation Anmy}\\\text { City Hospital}\\\end{array}\begin{array}{l}\text { Property } \\\text { IBMI stock } \\\text { Clothes } \\\text { Cash }\end{array}\begin{array}{l}\text { Cost }&\text { FMV } \\\$ \quad 15,000&\$ 25,000 \\2,500 &500\\20,000\end{array}\end{array}$ Determine the maximum amount of Latrell's charitable deduction assuming the Jones Foundation is a private nonoperating foundation and Latrell's AGI is $100,000 this year. You may assume that the stock and painting has been owned for 10 years.

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Definitions:

Cerebellum

A region of the brain situated in the rear of the cranium, essential for controlling movements, coordinating actions, and ensuring precision and timing in physical activities.

Head Injury

A type of trauma to the head that can affect the scalp, skull, brain, or underlying tissue, often caused by accidents, falls, or violence.

Medulla

An essential part of the brainstem that controls vital autonomic functions like heartbeat and breathing.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain in humans and other mammals, involved in many complex brain functions including memory, attention, perceptual awareness, thought, language, and consciousness.