Nick made the following contributions this year to the University of the West: Nick acquired the stock in Palm Corporation as an investment two years ago at a cost of $56,000.Nick's current AGI is $252,000.What is Nick's current charitable contribution deduction?
A)$75,600.
B)$84,000.
C)$126,000.
D)$210,000.
E)None of the above.

Question

Nick made the following contributions this year to the University of the West:  Nick acquired the stock in Palm Corporation as an investment two years ago at a cost of $56,000.Nick's current AGI is $252,000.What is Nick's current charitable contribution deduction?
A)$75,600. 
B)$84,000. 
C)$126,000. 
D)$210,000. 
E)None of the above.

Quizplus · Accepted Answer

The Answer of Nick made the following contributions this year to the University of the West:  Nick acquired the stock in Palm Corporation as an investment two years ago at a cost of $56,000.Nick's current AGI is $252,000.What is Nick's current charitable contribution deduction?
A)$75,600. 
B)$84,000. 
C)$126,000. 
D)$210,000. 
E)None of the above.

Nick Made the Following Contributions This Year to the University