7-61: Tax Strategy ProblemDean makes a pledge of $30000 to a local college. The college is willing to accept either cash or marketable securities in fulfillment of the pledge. Dean owns stock in Ajax Corporation worth $30000. The stock was purchased five years ago for $10000. Deans marginal tax rate of 15%. Should Dean sell the stock and then donate the cash or should he donate the stock directly? Compute the next tax benefit from each alternative and explain the difference. (Ignore the 3.8% tax on the net investment income of high-income payers for this comparison).

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