10. a) A corporation receives no dividends for the year and has no carryovers into the year. Its taxable income before any charitable contribution was $80,000. It donates land held for several years worth $50,000 in which it has a basis of $15,000. How much if anything could the contribution deduct for the contribution ? Use the percentage in the book ignoring any temporary changes in the law due to COVID.

b) What would the deductible amount of the contribution be if the taxable income of $80,000 was after deducting a capital loss carryforward of $5,000 into the current year

c) Suppose instead the taxable income of $80,000 had been reduced by a $3,000 capital loss carryback into the current year. What would be the amount of the deductible contribution