QUESTION 1 (10 points)-Unless stated differently use 2020 rate schedules and rules.

In 2020 Ron and Hermione made the following contributions to the following organizations.

Category	Charity	Property	Cost	FMV
	Goodwill	Clothes and misc. household items (several years old)	$15,700	$4,350
	Civil War Museum	Coin Collection	$19,500	$92,700
	Ron and Hermiones best friends whose house burned down	Cash	$3,500	$3,500
	Salvation Army	Cash	$12,500	$12,500
	Toys for Tots	New toys	$2,500	$2,500
	Henry Ford Hospital	Rigor stock	$14,000	$6,000
	Wayne State University	Exxon Mobil Stock (held 5 years)	$17,500	$42,800
	Wayne State University	Cash	55,000	$55,000

Determine the contribution category for each of these contributions assuming that the Historical Museum plans to display the coin collection in the museum and place in the column above.

Determine Ron and Hermiones maximum deductible charitable contribution (and any carryover) assuming their AGI is $200,000.

Category	Amount
60%
50%
30%
Carryover

Determine Ron and Hermiones maximum deductible charitable contribution (and any carryover) assuming their AGI is $350,000.

Category	Amount
60%
50%
30%
Carryover