During the Current Year, Ralph Made the Following Contributions to the University

question 55

Multiple Choice

During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization) :
Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Ralph's AGI for the year is $189,000. What is Ralph's charitable contribution deduction for the current year?

• A) $56,700
• B) $63,000
• C) $94,500
• D) $157,500
• E) None of the above

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