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Bermuda Corporation reports the following results in 2009 and 2010: 2011 2012 Adjusted taxable income $400,000 $600,000 Charitable contributions 70,000 50,000 What is Bermuda's contribution

Bermuda Corporation reports the following results in 2009 and 2010:

2011

2012

Adjusted taxable income

$400,000

$600,000

Charitable contributions

70,000

50,000

What is Bermuda's contribution deduction in 2011 and 2012? What is the disposition of any remaining amount?

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