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Taxpayer's records reflect the following information: 1.Paid $200 dues to a fraternal organization (such as the Elks Club) 2.Donated stock having a fair market value
Taxpayer's records reflect the following information:
1.Paid $200 dues to a fraternal organization (such as the Elks Club)
2.Donated stock having a fair market value of $3,500 to a qualified charitable organization. She purchased the stock 2 years earlier for $3,000.
3.Paid $1,600 cash to qualified public charitable organizations
Taxpayer's adjusted gross income for this year was $50,000. What is the amount of her charitable contribution deduction for the year?
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