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Charitable Contributions Example #8 20211 42022 10% During R000, a corporation made cash contributions totaling $20,000 to various charitable organizations. The corporation has taxable
Charitable Contributions Example #8 20211 42022 10% During R000, a corporation made cash contributions totaling $20,000 to various charitable organizations. The corporation has taxable income of $180,000 before deducting any of the charitable contributions, DRD, or any capital loss carryback. 2022 at 10% Q1: What is the corporation's charitable contribution in 2021? Q2: What is the corporation's taxable income after the CC? 03: Does the corporation have a charitable contribution carryforward? "
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