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:

Bank Manager

An individual responsible for overseeing the daily operations of a bank branch, ensuring financial stability, and providing customer service.

Gender Stereotyping

The practice of ascribing to an individual woman or man specific attributes, characteristics, or roles by reason only of her or his membership in the social group of women or men.

Gender

A social construct that involves a range of identities that do not necessarily correspond to established ideas of male and female.

Strong Masculine Role

The cultural expectation that men will display traits typically associated with masculinity, such as strength, independence, and emotional stoicism.