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During the current year, Travis made the following contributions to the University of Oregon (a...

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Accounting

During the current year, Travis made the following contributions to the University of Oregon (a qualified charitable organization): Cash $63,000 Stock in Raptor, Inc. (a publicly traded corporation) 94,500 Travis acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Traviss AGI for the year is $146,000. What is Traviss charitable contribution deduction for the current year?

a. $56,700

b. $63,000

c. $94,500

d. $73,000

e. $157,500.

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