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In 2022, OCC Corporation made a charitable donation of $400,000 to the Intemational Pescue Commitree (n qualifyeng charmy for the year, OCC reported taxable income

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In 2022, OCC Corporation made a charitable donation of $400,000 to the Intemational Pescue Commitree (n qualifyeng charmy for the year, OCC reported taxable income of $1,500,000 before deducting any chariable contributions, before deducing its 520000 dividends-received deduction, and before deducting its $40,000NOL. Carryover from last year. Required: a. What amount of the $400,000 donation is OCC allowed to deduct for tax purposes in 2022, whist is the corryover to 2023, and when does the carryover expire? b. Assume that in 2023, OCC did not make any charitable donations and that it is allowed to deduct its full charitable contibution carryover, if any, from 2022 . What book-lax difference associated with the charitable conturbutions will OCC report in 2023? la the difference favorable or unfavorable? Is it permanent or temporary? Complete this question by entering your answers in the tabs below. What amount of the $400,000 donation is OCC allowed to deduct for tax purposes in 2022, what is the camyover to 2023 , and when does the carryover expire? Complete this question by entering your answers in the tabs below. Assume that in 2023, OCC did not make any charitable donations and that it is allowed to deduct its full charitable contribution carryover, if any, from 2022. What book-tax difference associated with the charitable contributions will oce renort in 2023? Is the difference favorable or unfavorabie? is it permanent or temporary

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