Erin's Records Reflect the Following Information: 1

question 79

Multiple Choice

Erin's records reflect the following information: 1.Paid $200 dues to a fraternal organization (such as the Elks Club) .
2) Donated stock having a fair market value of $3,500 to a qualified charitable organization.She purchased the stock 2 years earlier for $3,000.
3) Paid $1,600 cash to qualified public charitable organizations.
Erin's adjusted gross income for this year was $50,000.What is the amount of her charitable contribution deduction for the year?

• A)$4,600
• B)$4,800
• C)$5,100
• D)$5,300

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