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Linda, Who Has AGI of $120,000 in 2012, Contributes Stock

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Linda, who has AGI of $120,000 in 2012, contributes stock in Mauve Corporation (a publicly traded corporation) to the Salvation Army, a qualified charitable organization.The stock is worth $65,000, and Linda acquired it as an investment four years ago at a cost of $50,000.
Linda, who has AGI of $120,000 in 2012, contributes stock in Mauve Corporation (a publicly traded corporation) to the Salvation Army, a qualified charitable organization.The stock is worth $65,000, and Linda acquired it as an investment four years ago at a cost of $50,000.

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Definitions:

Basic Resources

The fundamental inputs used for production, including land, labor, capital, and entrepreneurship.

Entrepreneurial Ability

This refers to the skills and qualities that enable an individual to identify business opportunities, start, develop, and manage a business successfully.

Households

Units that consist of one or more people living together, who make joint decisions on consumption and other economic activities.

Durable Good

A type of good that does not quickly wear out and is expected to last for a relatively long period, such as cars, appliances, and furniture.

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