Christa Has Made a $25,000 Pledge to the American Red

question 72

Multiple Choice

Christa has made a $25,000 pledge to the American Red Cross (a public charity) .Christa expects AGI of $200,000 this year.Which of the following assets should she donate?

• A)$25,000 of cash
• B)stock purchased three years ago for $18,000 with a current FMV of $25,000
• C)stock purchased six months ago for $28,000 with a current FMV of $25,000
• D)Christa should be indifferent among the three choices.

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Definitions:

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A professional tasked with assessing an individual's ability to understand and participate in legal proceedings or to perform certain tasks or roles effectively.

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An individual, company, or institution sued or accused in a court of law.

Competence

The ability or capacity to do something effectively or to a required standard; often refers to a specific skill or set of skills.