During the current year, 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 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

During the current year, 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 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

Quizplus · Accepted Answer

The Answer of During the current year, 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 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