Problem related to charitable contribution deduction

Reference no: EM13133417

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.

Reference no: EM13133417

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