MR Hank owns and operates a pet store. She contributed $5,000$ bags of cat and dog food from her inventory to the local Society for Prevention of Cruelty to Animals. Her cost basis in the pet food was $$6,300,$ and its FMV $($retail$)$ was $$5,600.$ Ms$.$ Holk$’$s itemized deduction for this contribution is limited to$\_\_\_\_\_\_$

$$6,300$

$$700$

$$5,600$

$$11,900$

$$

$\mathrm{2. }$

• Anoud Co$.,$ a publicly held company, paid its CEO an annual salary of $$2$ million. Companies in the same industry pay employees holding a comparable position $$1\mathrm{.}8$ million. As a tax auditor from the FTA, calculate the after$-$tax cost of this payment.
• $$1,838,000$
• $$1,820,000$ 
• $$1,638,000$
• $$362,000$

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