Al contributed a painting to the metropolitan art museum of st. louis, mo. the painting, purchased six years earlier, was worth $40,000 when donated, and al's basis was $25,000. if this painting is immediately sold by the museum and the proceeds are placed in the general fund, al's charitable contribution deduction is $25,000 (subject to percentage limitations).
a) true
b) false

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.