During the Current Year, Ralph Made the Following Contributions to the University

question 53

Multiple Choice

During the current year, Ralph made the following contributions to the University of Oregon a qualified charitable organization) : Cash $\quad$ $\quad$$\$ 63,000$
Stock in Raptor, Inc. (a publicly traded corporation) $\quad$ $\quad$ 94,500 Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Ralph's AGI for the year is $189,000. What is Ralph's charitable contribution deduction for the current year?

• A) $56,700
• B) $63,000
• C) $94,500
• D) $157,500
• E) None of the above

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Definitions:

Linear Relationship

A direct correlation between two variables where a change in one variable is consistently associated with a proportionate change in the other.

Ratio Analysis

A financial analysis technique that uses ratios derived from a firm's financial statements to evaluate its financial condition and performance.

Qualitative Demand Forecasting

The process of predicting future demand for a product or service based on non-quantitative information such as expert opinions and market trends.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group and is used to generate and prioritize ideas.