Consider the simple income statement model below. The company would like donate 15% of its net income to charity. How much will they contribute?

Contribution Rate	15%
Income Tax Rate	40%
	Circular Reference
Revenue	$250,000
Costs	$200,000
Operating Income	$50,000.00
Charitable Contribution
Income Before Tax	$50,000.00
Income Tax	$20,000.00
Net Income	$30,000.00

	$6,880.73
	$2,752.29
	$7,500
	$4,128.44