During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization): Cash $63,000
Stock in Raptor, Inc. (a publicly traded corporation) 94,500
Ralph acquired the stock in Raptor as an investment 14 months ago at a cost of $42,000. Ralph's AGI for the year is
$189,000. What is his charitable contribution deduction for the current year?
A) $56,700
B) $63,000
C) $94,500
D) $157,500
E) None of these

Question

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The Answer of During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization): Cash $63,000
Stock in Raptor, Inc. (a publicly traded corporation) 94,500
Ralph acquired the stock in Raptor as an investment 14 months ago at a cost of $42,000. Ralph's AGI for the year is
$189,000. What is his charitable contribution deduction for the current year?
A) $56,700
B) $63,000
C) $94,500
D) $157,500
E) None of these

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