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Stewart had adjusted gross income of $22,000 in 2008. During

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Stewart had adjusted gross income of $22,000 in 2008. During the year, he made the following contributions to recognized public charities;$5,000 cash;1,000 shares of Able Corporation common stock, acquired in 1979 (cost and fair market value of $7,000);Considering the charitable contribution deduction limitation, what amount can Stewart claim as a deduction for charitable contributions in 2008?;a.;$6,600;b.;$11,000;c.;$11,600;d.;$12,000;e.;None of the above

 

Paper#26136 | Written in 18-Jul-2015

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