How much can she claim as a charitable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:14)On April 1, 2023 Hillary donated stock with a fair market value of $60,000 to the United
Charity Fund, a qualified charitable organization. She purchased the sotock on February 1,
2015 for $20,000. Her AGI for 2023 is $100,000. How much can she claim as a charitable
deduction in 2023?
$60,000
$10,000
$30,000
$50,000
Answer. Wrong. we put 50,000
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