What is Beth's maximum allowable deduction for the following contributions to qualified public charities during the current year if her adjusted gross income is $90,000?
$\begin{array}{llr}\text { Stock Contributions }&\text { Basis } & \text { Fair Market Value }\
\text { Markum stock acquired in } 1997 & \$ 8,000 & \$ 16,000 \
\text { Dotcom stock acquired in } 1999 & \$ 7,000 & \$ 14,000 \
\text { Ford stock acquired in } 2001 & \$ 1,500 & \$ 3,000
\end{array}$

Question

Quizplus · Accepted Answer

The Answer of What is Beth's maximum allowable deduction for the following contributions to qualified public charities during the current year if her adjusted gross income is $90,000?
$\begin{array}{llr}\text { Stock Contributions }&\text { Basis } & \text { Fair Market Value }\
\text { Markum stock acquired in } 1997 & \$ 8,000 & \$ 16,000 \
\text { Dotcom stock acquired in } 1999 & \$ 7,000 & \$ 14,000 \
\text { Ford stock acquired in } 2001 & \$ 1,500 & \$ 3,000
\end{array}$

What Is Beth's Maximum Allowable Deduction for the Following Contributions