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Deonte's records reflect the following information: 1. Paid $300 dues to a fraternal...

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Accounting

Deonte's records reflect the following information:

1. Paid $300 dues to a fraternal organization (such as the Moose Lodge).

2. Donated stock having a fair market value of $4,000 to a qualified charitable organization. He purchased the stock six months earlier for $3,000.

3. Paid $2,000 cash to qualified public charitable organizations.

Deonte's adjusted gross income for this year was $75,000. What is the amount of his charitable contribution deduction for the year?

A) $2,000

B) $5,000

C) $6,000

D) $6,300

LABEL AND SHOW ALL WORK.

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