Zeke Made the Following Donations to Qualified Charitable Organizations During

question 81

Multiple Choice

Zeke made the following donations to qualified charitable organizations during the year: $\begin{array}{lcc}&\text { Basis}&\text { Fair Market }\\&&\text { Value }\\\begin{array}{l}\text { Used clothing of taxpayer and his family (all acquired } \\\text { more than a year ago) }\end{array} & \$ 1,350 & \$ 375 \\\begin{array}{l}\text { Stock in ABC, Inc., held as an investment for 15 } \\\text { months }\end{array} & 12,000 & 10,875 \\\begin{array}{l}\text { Stock in MNO, Inc., held as an investment for 11 } \\\text { months }\end{array} & 15,000 & 18,000 \\\text { Real estate held as an investment for two years } & 15,000 & 30,000\end{array}$ The used clothing was donated to the Salvation Army? the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Disregarding percentage limitations, Zeke's charitable contribution deduction for the year is:

• A) $43,350.
• B) $56,250.
• C) $59,250.
• D) $60,375.
• E) None of these.