What Is Beth's Maximum Allowable Deduction for the Following Contributions

question 42

Multiple Choice

What is Beth's maximum allowable deduction for the following contributions to qualified public charities during the current year if her adjusted gross income is $90,000? $\begin{array}{lrr}\underline{\text {Stock Contributions}}&\underline{\text {Basis }}&\underline{\text {Fair Market Value}}\\ \text { Markum stock acquired in } 1997 & \$ 8,000 & \$ 16,000 \\\text { Dotcom stock acquired in } 1999 & \$ 7,000 & \$ 14,000 \\\text { Ford stock acquired in 2001 } & \$ 1,500 & \$ 3,000\end{array}$

• A)$45,000
• B)$33,000
• C)$27,000
• D)$16,500

---

Definitions:

Page Layout Tab

An interface in word processing and desktop publishing software that lets users control the layout of a document including margins, spacing, orientation, and page setup.

Form Design

The process of creating a layout for a database form that enables data entry, modification, and visualization.

Footer

A section at the bottom of a page or document used to present additional information such as page numbers or notes.

Wide Margins

A layout choice in document design where the outer edges of the page have significant space, often used for aesthetic reasons or to accommodate binding.