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In 2021. Remsco has taxable income of $60,000 and a charitable contribution limit modified taxable income of $28,800. Remsco donated cash of $7,500 to a
In 2021. Remsco has taxable income of $60,000 and a charitable contribution limit modified taxable income of $28,800. Remsco donated cash of $7,500 to a qualified public charity. What is Remsco's current-year
charitable contribution deduction assuming Remsco makes any elections necessary to maximize its charitable contribution deduction?
a) $7,200 current-year deduction
b) $7,500 current-year deduction
c) $6,000 current-year deduction
d) $1,.200 current-year deduction
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