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Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization) in the current year. The stock was worth $180,000 and she had acquired it as an investment four years ago at a cost of $120,000. She reported AGI of $300,000 for the year. In completing her current income tax return, how much is her current-year charitable contribution deduction?
Relations
The ways in which two or more concepts, objects, or people are connected; a particular way in which someone or something is related or connected to something else.
Analogy Problems
Logical puzzles or questions that require solving by finding relationships between pairs of words, ideas, or situations.
Mental Set
The inclination to approach situations with a predetermined framework of understanding, often based on former experiences, that could potentially limit novel solutions.
Functional Fixedness
A mental bias that restricts an individual to utilizing an item solely in its conventional manner, impeding creativity and the ability to solve problems.
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