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Louve Inc. contributes inventory to a qualified charity for use in feeding the needy. The inventory has a $70,000 FMV and a 530.000 adjusted basis.

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Louve Inc. contributes inventory to a qualified charity for use in feeding the needy. The inventory has a $70,000 FMV and a 530.000 adjusted basis. Love inc. can take a charitable contribution deduction of Select one 3.520,000 b. 530,000 O c $50,000 0 2.500.000 Myrvin Corporation, has three cash method, calendar year equal shareholders. Sam Shelia and Susan. Sam is Susan's husband and Shelia is Sam and Susan's niece. During 2013. Myvin paid a salary of $100.000 to each shareholder On December 31, 2019, Myrvin accrued a bonus of $35,000 to Sam and 545,000 to Shelia. Assuming that the bonuses were paid to Sam and Shelia on February 1, 2020, compute Myrvin Corporation's 2019 deduction for the above amounts. Select one a $350,000 b.5325.000 C5300.000 d. $345.000 None of these

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