Patrick's Records for the Current Year Contain the Following Information

question 70

Multiple Choice

Patrick's records for the current year contain the following information: -He donated stock having a fair market value of $5,000 to a qualified charitable organization.Patrick acquired the stock two years ago at a cost of $3,000.
-He donated 20 hours of his time as a professional plumber to a qualified charitable organization.He bills his time to his customers at $50 per hour.
-He also donated $7,500 cash to a qualified charitable organization.
Patrick's adjusted gross income for the year is $100,000.What is the amount of his charitable contribution deduction?

• A)$10,500
• B)$11,500
• C)$12,500
• D)$13,500

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Definitions:

Job Applicant Pool

The collective of individuals who have applied for a specific job opening, from which candidates for employment are selected.

External Recruitment

The process of seeking new employees from outside the organization to fill open positions.

Recruiting Experience

The overall process, methods, and procedures involved in identifying, attracting, and selecting candidates for employment positions within an organization.

U.S. Employment Laws

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