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8) Plum Company has taxable income of $90,000 before charitable contributions. The company made a $12,000 cash contribution to the local university. What is the

8) Plum Company has taxable income of $90,000 before charitable contributions. The company made a $12,000 cash contribution to the local university. What is the tax liability of the company for the year? (assume a 21% tax rate)

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