14)On April 1, 2023 Hillary donated stock with a fair market value of $60,000 to the UnitedCharity 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 charitablededuction in 2023?$60,000$10,000$30,000$50,000Answer. Wrong. we put 50,000

Charitable contribution deduction is available when taxpayers itemize their deductions while filing…

Answered: How much can she claim as a charitable

Business

Accounting

How much can she claim as a charitable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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