During 2012,Ralph made the following contributions to the University of Oregon (a qualified charitable organization): Ralph acquired the stock in Raptor,Inc.,as an investment fourteen months ago at a cost of $42,000.Ralph's AGI for 2012 is $189,000.What is Ralph's charitable contribution deduction for 2012?
A) $56,700.
B) $63,000.
C) $94,500.
D) $157,500.
E) None of the above.

Question

During 2012,Ralph made the following contributions to the University of Oregon (a qualified charitable organization):  Ralph acquired the stock in Raptor,Inc.,as an investment fourteen months ago at a cost of $42,000.Ralph's AGI for 2012 is $189,000.What is Ralph's charitable contribution deduction for 2012?
A) $56,700. 
B) $63,000. 
C) $94,500. 
D) $157,500. 
E) None of the above.

Quizplus · Accepted Answer

The Answer of During 2012,Ralph made the following contributions to the University of Oregon (a qualified charitable organization):  Ralph acquired the stock in Raptor,Inc.,as an investment fourteen months ago at a cost of $42,000.Ralph's AGI for 2012 is $189,000.What is Ralph's charitable contribution deduction for 2012?
A) $56,700. 
B) $63,000. 
C) $94,500. 
D) $157,500. 
E) None of the above.

During 2012,Ralph Made the Following Contributions to the University of Oregon