Byron Owned Stock in Blossom Corporation That He Donated to a Museum

question 76

Multiple Choice

Byron owned stock in Blossom Corporation that he donated to a museum (a qualified charitable organization) on June 8 this year. What is the amount of Byron's deduction assuming that he had purchased the stock for $10,500 last year on August 7, and the stock had a fair market value of $13,800 when he made the donation?

• A) $3,300
• B) $10,500
• C) $12,150
• D) $13,800
• E) None of the above

---

Definitions:

Mass Transportation

Infrastructure established to transport a significant population effectively in cities and surrounding suburbs, encompassing vehicles such as buses, trains, subways, and trams.

Land Availability

The extent to which usable land is accessible for a specific purpose, such as agriculture, urban development, or conservation.

Pollution Prevention

Strategies and practices aimed at reducing or eliminating sources of pollution to prevent damage to the environment.

Urban Growth

The expansion of cities and towns as populations increase and new developments are built, often leading to challenges like congestion and pollution.