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) Contributions made in Year 2 included the following Cash to a religious elementary school for tuition $3,500 Used car purchased 3 years ago for $8,000 (FMV at time of contribution $6,000) to a college art museum that the museum immediately sold for $2,500 Publicly traded stock held for 46 months (FMV $8,000 Cost $2,000) to a private high school Publicly traded stock held for 2 months (FMV $10,000 Cost $14,000) to the same private high school Out of pocket costs related to volunteer work at a hospital $200

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Question: 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

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).

Contributions made in Year 2 included the following:

Cash to a religious elementary school for tuition: $3,500
Used car purchased 3 years ago for $8,000 (FMV at time of contribution: $6,000) to a college art museum that the museum immediately sold for $2,500
Publicly traded stock held for 46 months (FMV $8,000; Cost $2,000) to a private high school
Publicly traded stock held for 2 months (FMV $10,000; Cost $14,000) to the same private high school
Out-of-pocket costs related to volunteer work at a hospital: $200

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