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

question 97

Multiple Choice

During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization) : Cash $63,000
Stock in Raptor, Inc. (a publicly traded corporation) 94,500
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:

Legitimate Authority

An acceptance of power, where an individual or group is recognized and accepted by the society as having the right and moral responsibility to make decisions and demand obedience.

Depersonalized Victims

Referring to individuals who have been treated as if they lack personal identity or humanity, often in contexts of abuse or violence.

"Teacher"

A professional who helps students to acquire knowledge, competence, or virtue in an educational setting.

Experimenter

An individual conducting a controlled test to examine a hypothesis in a scientific study.