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Business, 31.10.2019 00:31 Renabelle6350

In 2015, penelope makes the following donations to qualified charitable organizations: basis | fair market valueinventory held for resale in penelope's business (a sole proprietorship): $4,000 | $3,600stock in sparrow, inc. held as an investment (acquired two years ago): $8,000 | $20,000comic book collection held as an investment (acquired six years ago): $2,000 | $10,000the sparrow stock and the inventory were given to penelope's church, and the comic book collection was given to the united way. both donees promptly sold the property for the stated fair market value. disregarding percentage limitations, penelope's charitable contribution deduction for 2015 is: a. $25,600b. $33,600c. $14,000d. $26,000e. none of these choices are correct

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