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How much qualifies for the charitable contribution deduction

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Reference no: EM13343082

Grocer Services Corporation (a calendar year taxpayer), a wholesale distributor of food, made the following donations to qualified charitable organizations during the year:

 

Adjusted Basis

Fair Market Value

Food (held as inventory) donated to the Ohio
  Children's Shelter

$3,500

$8,000

 

 

 

Passenger van to Ohio Children's Shelter, to be used to
   transport children to school

7,500

7,100

 

 

 

Stock in Acme Corporation acquired 7 months ago and
  held as an investment, donated to Southwest University

4,000

6,200

 

 

 


How much qualifies for the charitable contribution deduction?

a. $15,000.
b. $16,850.
c. $17,250.
d. $19,450.
e. None of the ab

 

Reference no: EM13343082

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