A corporation books, which are maintained using the accrual method, show the following income and expense item for 2016 tax year:

Gross sales and receipts	$800,000
Returns and allowances	2,000
Cost of goods sold	200,000
Taxable interest income	20,000
Office rent expense	50,000
Salaries and wages expense	300,000
Charitable contribution	25,000
Miscellaneous business expenses	75,000
School tuition paid for major shareholders sons education	10,000
New Truck purchased	25,000
Depreciation for new truck	5,000

Determine the corporations taxable income for the 2016 tax year. (The charitable company does not qualify take the domestic production activities deduction.)

What is the amount of the corporations charitable contributions carryover (if any)?