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Company A owns 100 percent of the stock of company D, and the group files a consolidated tax return. In the current year, company A
Company A owns 100 percent of the stock of company D, and the group files a consolidated tax return. In the current year, company A had paid $25,000 in contributions, but the deduction was limited to $15,000 at the standalone level for company A. Company D had $80,000 of income in the current year and no charitable contributions. What is the group's consolidated taxable income
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