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Marvel Corporation's operating income for 2023 was $200,000 before a reduction of $60,000 for charitable contributions. What is the maximum allowable deduction for contributions on

image text in transcribed Marvel Corporation's operating income for 2023 was $200,000 before a reduction of $60,000 for charitable contributions. What is the maximum allowable deduction for contributions on Marvel's 2023 federal income tax return? $35,000 $200,000 $20,000 $60,000

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