Christa Has Made a $25,000 Pledge to the American Red

question 72

Multiple Choice

Christa has made a $25,000 pledge to the American Red Cross (a public charity) .Christa expects AGI of $200,000 this year.Which of the following assets should she donate?

• A)$25,000 of cash
• B)stock purchased three years ago for $18,000 with a current FMV of $25,000
• C)stock purchased six months ago for $28,000 with a current FMV of $25,000
• D)Christa should be indifferent among the three choices.

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Definitions:

Source Amnesia

A memory disorder where one can recall certain information but is unable to remember where, when, or how they learned that information.

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.

Sensory Memory

The shortest term element of memory, it is the ability to retain impressions of sensory information after the original stimuli have ended.

Abstract Thinking

The capability to conceptualize objects, principles, and ideas that are not tangible.