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

question 125

Multiple Choice

During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization) : $$\begin{array} { l r } \text { Cash } & \$ 63,000 \\\text { Stock in Raptor, Inc. (a publicly traded corporation) } & 94,500\end{array}$$ 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:

Order Fulfillment Department

A division within a company responsible for ensuring orders are processed, packed, and shipped to customers efficiently.

Customer Cost Analysis

A process of determining and analyzing the costs associated with acquiring and supporting customers.

Time-Driven Activity-Based Costing

A costing method that assigns indirect costs to products and services based on the time required to perform specific activities for those products or services.

Tech Support Department

A division within a company responsible for assisting customers with technical problems or inquiries about products or services.