35.In 2021, corporations are not allowed to deduct charitable contributions in excess of 5 percent of the corporation's charitable contribution limit modified taxable income (taxable income before the charitable contribution and certain other deductions).

True or False

41.Corporations and individuals are allowed to claim the qualified business income deduction.

True or False

61.Netgate Corporation's gross tax liability for 2021 was $189,000. What was its taxable income?