Don's Records Contain the Following Information: 1

question 11

Multiple Choice

Don's records contain the following information: 1.Donated stock having a fair market value of $3,600 to a qualified charitable organization.He acquired the stock five months previously at a cost of $2,400.
2) Paid $700 to a church school as a requirement for the enrollment of his daughter.
3) Paid $200 for annual homeowner's association dues.
4) Drove 400 miles in his personal auto at 14 cents per mile.The travel was directly related to volunteer services he performed for his church (actual costs were not available) .
What is Don's charitable contribution deduction?

• A)$2,456
• B)$3,156
• C)$3,356
• D)$3,656

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Definitions:

Lower Control Limit

The lowest boundary in process control that allows for process variability while still indicating acceptable performance levels.

Sample Ranges

The difference between the highest and lowest values in a sample, used in statistical analysis.

X-bar Control Chart

A statistical tool used in quality control processes to monitor the mean (average) of a quality characteristic over time.

R-chart

A type of control chart used to monitor the range of variability within a process over time.