Problem $20-39($LO$.3)$

During $2024,$ Siskin $($a C corporation$)$ entered into the following transactions.

Income from operations $$500,000$

Expenses from operations $425,000$

Dividends from domestic corporations $($less than $20\%$ ownership$)45,000$

Dividends received deduction $(50\%$ x $$45,000)22,500$

Unused short$-$term capital loss from $2022($there are no capital gains in $2023$ and $2024)2,500$

NOL carryover from $202340,000$

In June $2024,$ Siskin made a contribution to a qualified charitable organization of $$10,500$ in cash $($not included in any of the items listed above$).$

Question Content Area

a$.$ How much, if any, of the contribution can be claimed as a deduction for $2024?$