Question
Alpha Corporation's adjusted taxable income is $100,000 for 2015 and $200,000 for 2016. Alpha makes charitable contributions of $15,000 in 2015 and $19,000 in 2016.
Alpha Corporation's adjusted taxable income is $100,000 for 2015 and $200,000 for 2016. Alpha makes charitable contributions of $15,000 in 2015 and $19,000 in 2016. How much can Alpha carry forward for its charitable contributions in computing its 2017 taxable income?
| a. | $9,000 | |
| b. | $5,000 | |
| c. | $4,000 | |
| d. | $1,000 |
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
