Question
PLEASE SHOW WORK..! This year, Ralph made the following contributions to the University of the Northwest (a qualified charitable organization): Cash: $63,000 Stock in Raptor,
PLEASE SHOW WORK..!
This year, Ralph made the following contributions to the University of the Northwest (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 14 months ago at a cost of $42,000. Ralph's current AGI is $189,000. What is Ralph's charitable contribution deduction for this year?
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Loose Leaf Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds, Frances McNair, Philip Olds
8th Edition
0077433807, 978-0077433802
