In 2023, LAA Incorporated made a charitable donation of $100,000 to the Trevor Project (a qualifying charity). For the year, LAA reported taxable income of $550,000, which included a $100,000 charitable contribution deduction (before limitation) and a $50,000 dividends-received deduction, and a $100,000 net operating loss carryover from 2022.

What is LAA Incorporated's charitable contribution deduction for 2023? Assume the charitable donation is not a qualified contribution because LAA Incorporated did not make the necessary election.

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Assume Maple Corporation has just completed the third year of its existence (year 3). The table below indicates Maples ending book inventory for each year and the additional 263A costs it was required to include in its ending inventory. Maple immediately expensed these costs for book purposes. In year 2, Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory.

	Year 1	Year 2	Year 3
Ending book inventory	$ 2,530,000	$ 2,942,500	$ 2,278,500
Additional 263A costs	55,000	71,500	64,250
Ending tax inventory	$ 2,585,000	$ 3,014,000	$ 2,342,750

Required:

1. What booktax difference associated with its inventory did Maple report in year 1? Was the difference favorable or unfavorable? Was it permanent or temporary?
2. What booktax difference associated with its inventory did Maple report in year 2? Was the difference favorable or unfavorable? Was it permanent or temporary?
3. What booktax difference associated with its inventory did Maple report in year 3? Was the difference favorable or unfavorable? Was it permanent or temporary?