Zeke Made the Following Donations to Qualified Charitable Organizations During

question 80

Multiple Choice

Zeke made the following donations to qualified charitable organizations during the year: $\begin{array}{llr}& \text {Basis}& \text { Fair Market}\\&& \text {Value}\\ \text { Used clothing (all acquired more than a year ago) of } &\$1,350&\$375\\ \text { taxpayer and his family } &\\ \text { Stock in ABC, Inc, held as an investment for fifteen } &12,000&10,875\\ \text { months } &\\ \text { Stock in MNO, Inc., held as an investment for el even} &15,000&18,000\\ \text { months} &\\\text { Real estate held as an investment for two years} &15,000&30,000\\\end{array}$
? The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University.Both are qualified charitable organizations.Disregarding percentage limitations, Zeke's charitable contribution deduction for the year is:

• A)$43,350.
• B)$56,250.
• C)$59,250.
• D)$60,375.
• E)None of the above.