Patrick's Records for the Current Year Contain the Following Information

Multiple Choice

Patrick's records for the current year contain the following information: -He donated stock having a fair market value of $5,000 to a qualified charitable organization.Patrick acquired the stock two years ago at a cost of $3,000.
-He donated 20 hours of his time as a professional plumber to a qualified charitable organization.He bills his time to his customers at $50 per hour.
-He also donated $7,500 cash to a qualified charitable organization.
Patrick's adjusted gross income for the year is $100,000.What is the amount of his charitable contribution deduction?

A) $10,500
B) $11,500
C) $12,500
D) $13,500