LO.6 Rachel had AGI of $100,000 in 2012. She donated Bronze Corporation stock with a basis of $9,000 to a qualified charitable organization on July 5, 2012.

a. What is the amount of Rachel’s deduction assuming that she purchased the stock on December 2, 2011, and the stock had a fair market value of $16,000 when she made the donation?

b. Assume the same facts as in (a), except that Rachel purchased the stock on July 1, 2009.

c. Assume the same facts as in (a), except that the stock had a fair market value of

$5,000 (rather than $16,000) when Rachel donated it to the charity.