What Is Beth's Maximum Allowable Deduction for the Following Contributions

question 38

Multiple Choice

What is Beth's maximum allowable deduction for the following contributions to qualified public charities during the current year if her adjusted gross income is $90,000? $\begin{array}{lrr}\text { Stock Contributions }&\text { Basis }&\text { Fair Market Value }\\\text { Markum stock acquired in } 1997 & \$ 8,000 & \$ 16,000 \\\text { Dotcom stock acquired in } 1999 & \$ 7,000 & \$ 14,000 \\\text { Ford stock acquired in 2001 } & \$ 1,500 & \$ 3,000\end{array}$

• A) $45,000
• B) $33,000
• C) $27,000
• D) $16,500