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Zeke Made the Following Donations to Qualified Charitable Organizations During

Question 79

Multiple Choice

Zeke made the following donations to qualified charitable organizations during the year:
BasisFair Market Value Used clothing (all acquired before 2012)  of taxpayer  and his family $1,350$375 Stock in ABC, Inc., held as an investment for  fifteen months 12,00010,875 Stock in MNO, Inc., held as an investment for 15,00018,000 eleven months 15,00030,000 Real estate held as an mvestment for two years 15,00030,000\begin{array}{lrr}& \text {Basis}&\text {Fair Market Value}\\ \text { Used clothing (all acquired before 2012) of taxpayer }\\\text { and his family } & \$ 1,350 & \$ 375 \\\text { Stock in ABC, Inc., held as an investment for } & & \\\text { fifteen months } & 12,000 & 10,875 \\\text { Stock in MNO, Inc., held as an investment for } & 15,000 & 18,000 \\\text { eleven months } & 15,000 & 30,000\\\text { Real estate held as an mvestment for two years }&15,000&30,000\end{array}


The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Disregarding percentage limitations, Zeke's charitable contribution deduction for the year is:


A) $43,350.
B) $56,250.
C) $59,250.
D) $60,375.
E) None of the above.

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