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

question 46

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 as an investment 14 months ago at a cost of $42,000.Ralph's AGI for the year is $189,000.What is his charitable contribution deduction for the current year?

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

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Definitions:

Level Of Specificity

The degree of particularity or detail provided about a subject, often referring to diagnostic criteria or descriptions.

H62

Codes for diseases of the ear and mastoid process, specifically the external ear, in the ICD-10 medical classification.

H62.8

Other specified disorders of external ear, a classification in medical coding for non-common ear conditions.

Acute Conditions

Medical conditions characterized by sudden onset, rapid progress, and the need for urgent care, often of short duration.