18-

Kingbird Corporation (a calendar year C corporation) reports the following income and expenses in the current year:

Income from operations	$200,000
Expenses from operations	140,000
Dividends received (15% ownership)	15,000

On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $9,000 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction for the year.

a.$7,500

b.$9,000

c.$6,750

d.$6,525

19- In 2021, Meghann, a single taxpayer, has QBI of $147,200 and modified taxable income of $103,040 (this is also her taxable income before the QBI deduction). Given this information, what is Meghann's QBI deduction?

Meghann's QBI deduction is $........................?.