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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Definitions:

Assimilation Perspective

A view focusing on how minority groups gradually adopt the patterns and norms of a dominant culture, losing their original cultural identity.

Assimilation

A process by which a person or a group's language and, or culture come to resemble those of another group, often losing the original cultural identity.

Salience Principle

A principle in social psychology suggesting that the most noticeable or prominent features of a person or situation are more likely to influence our perceptions and interactions.

Racial Categorization

A process by which individuals are classified into various racial groups based on physical characteristics, ancestry, and cultural factors.