Madeline made a stock gift of $40,000 to the American Cancer Society, a qualified public charity. Madeline itemizes her deductions and has an adjusted gross income of $120,000. What is the maximum income tax deduction allowable to Madeline in the current year for her charitable contribution?     A) $40,000     B) $72,000     C) $36,000     D) $60,000

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Q: of $4,000,000

A: Gift rupees= $4,000,000.