Homework 40 Saved 5 07 This year, Jolt Incorporated reported $40,000 of taxable income before any charitable contribution deduction. Assume the 10% of taxable income limitation applies to the contribution because Jolt did not make the necessary election to use the 25% of taxable Income limitation. Jolt contributed $10,000 this year to Goodwill Industries, a public charity. Compute the company's current E&P. 5 points Current E8 eBook References