Byron Owned Stock in Blossom Corporation That He Donated to a Museum

question 76

Multiple Choice

Byron owned stock in Blossom Corporation that he donated to a museum (a qualified charitable organization) on June 8 this year. What is the amount of Byron's deduction assuming that he had purchased the stock for $10,500 last year on August 7, and the stock had a fair market value of $13,800 when he made the donation?

• A) $3,300
• B) $10,500
• C) $12,150
• D) $13,800
• E) None of the above

---

Definitions:

Association Areas

Areas of the cerebral cortex that house memories and are involved in thought, perception, and language.

Illicit Drug Use

The use of substances that are illegal or not prescribed, which can have various health, legal, and social implications.

Depressants

Substances that reduce neural activity and slow down the functions of the central nervous system.

Stimulants

Drugs that increase activity in the brain and nervous system, leading to increased alertness, attention, and energy.