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