Hannah Makes the Following Charitable Donations in the Current Year

question 53

Multiple Choice

Hannah makes the following charitable donations in the current year: The HBM stock and the inventory were given to Hannah's church, and the baseball card collection was given to the United Way.Both donees promptly sold the property for the stated fair market value.Disregarding percentage limitations, Hannah's current charitable contribution deduction is:

• A)$28,000.
• B)$51,200.
• C)$52,000.
• D)$67,200.
• E)None of these.

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Definitions:

Farmer

Someone who works in the agricultural sector, producing living items for nourishment or foundational substances.

Produce

To create or manufacture goods for sale or consumption.

Farmer

An individual who operates a farm, engaged in the cultivation of crops or the raising of animals for consumption or sale.

Price

The amount of money required to purchase a good, service, or asset.