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3) Wren Corporation has the following information for the current tax year: Gross sales Cost of goods sold Dividends received (10%) Operating expenses Charitable contributions

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3) Wren Corporation has the following information for the current tax year: Gross sales Cost of goods sold Dividends received (10%) Operating expenses Charitable contributions $350,000 50,000 40,000 30,000 45,000 What is Wren's charitable contribution deduction? What is Wren's taxable income

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