PLEASE SHOW WORK..! This year, Ralph made the following contributions to the Uni

Question

PLEASE SHOW WORK..!

This year, Ralph made the following contributions to the University of the Northwest (a qualified charitable organization):

Ralph acquired the stock in Raptor, Inc. as an investment 14 months ago at a cost of $42,000. Ralph's current AGI is $189,000.

What is Ralph's charitable contribution deduction for this year?

      $56,700
                                        $63,000
                                        $94,500
                                        $157,500
                                        None of the above

Explanation / Answer

$94,500-correct answer

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