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Stewart had adjusted gross income of $22,000 in 2008. During the year, he made the following contributions to recognized public charities:

Stewart had adjusted gross income of $22,000 in 2008. During the year, he made the following contributions to recognized public charities:
$5,000 cash
1,000 shares of Able Corporation common stock, acquired in 1979 (cost and fair market value of $7,000)
Considering the charitable contribution deduction limitation, what amount can Stewart claim as a deduction for charitable contributions in 2008?
a.
$6,600
b.
$11,000
c.
$11,600
d.
$12,000
e.
None of the above

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