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What Is Beth's Maximum Allowable Deduction for the Following Contributions

Question 42

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What is Beth's maximum allowable deduction for the following contributions to qualified public charities during the current year if her adjusted gross income is $90,000? Stock ContributionsBasis Fair Market Value Markum stock acquired in 1997$8,000$16,000 Dotcom stock acquired in 1999$7,000$14,000 Ford stock acquired in 2001 $1,500$3,000\begin{array}{lrr}\underline{\text {Stock Contributions}}&\underline{\text {Basis }}&\underline{\text {Fair Market Value}}\\ \text { Markum stock acquired in } 1997 & \$ 8,000 & \$ 16,000 \\\text { Dotcom stock acquired in } 1999 & \$ 7,000 & \$ 14,000 \\\text { Ford stock acquired in 2001 } & \$ 1,500 & \$ 3,000\end{array}


A) $45,000
B) $33,000
C) $27,000
D) $16,500

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