In each of the following independent cases, indicate the
amount that may be deducted as charitable contributions.
a Paulson has AGI of $ During the year he made the
following cash contributions:
Red Cross $
Local church
Local university
b $ Concord owned shares of X Corporation stock for
which she paid $ in During the current year
she contributed shares of this stock to the First
Church of Midtown. On the date of the contribution the
shares had a market price of $ per share. Concord's AGI
this year was $ c Manney operates a retail furniture store. In July of
this year, he contributed to the local hospital a number of
items of furniture tables chairs, and sofas from his
merchandise inventory ordinary income property These
items had cost him $ but had a normal retail value of
$ Manney's AGI this year was $ d English is active in the Boy Scouts. During the past
year he served as a scoutmaster. At the end of the year, he
calculated that he had spent $ for various scout
activities such as fundraising drives. In addition, he
had driven his automobile an estimated miles in
connection with scout work. He also had lost working
hours from his job with a loss in pay of $