Stewart had adjusted gross income of $22,000 in 2013.During the year,he made the following contributions to qualified charities: $5,000 cash
1,000 shares of Able Corporation common stock,acquired in 1979 cost and fair market value of $7,000)
Considering the charitable contribution deduction limitation,what amount can Stewart claim as a deduction for charitable contributions in 2013?
A) $6,600
B) $11,000
C) $11,600
D) $12,000
E) None of the above
Correct Answer:
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