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Author Question: Patrick's records for the current year contain the following information. -He donated stock having a ... (Read 81 times)

craiczarry

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on: Sep 13, 2020
Patrick's records for the current year contain the following information. 
-He donated stock having a fair market value of $5,000 to a qualified charitable organization. Patrick acquired the stock two years ago at a cost of $3,000. 
-He paid $1,000 for membership in an athletic scholarship program maintained by the university. The only benefit of the membership is that Patrick is entitled to purchase a season ticket to the university's home football games. 
-He also donated $7,500 cash to a qualified charitable organization. Patrick's adjusted gross income for the year is $100,000. 
What is the amount of his charitable contribution deduction?
◦ $11,300
◦ $11,500
◦ $13,300
◦ $13,500
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by craiczarry on Sep 13, 2020

mammy1697

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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craiczarry

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
Excellent

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