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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A step-by-step approach to addressing and resolving issues by identifying the problem, generating potential solutions, and implementing a chosen solution.

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