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,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

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,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

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