Problem $5-51(LO5-2)(Algo)$

$In2024,$ LAA Incorporated made a charitable donation $of$ $$106,000to$ the Trevor Project $(a$ qualifying charity$).$ For the year, LAA

reported taxable income $of$ $$556,000,$ which included $a$ $$106,000$ charitable contribution deduction $(beforelimitation)$ and $a$ $$50,600$

dividends$-$received deduction, and $a$ $$12,300$ net operating loss carryover from $2023.$

What $is$ LAA Incorporated's charitable contribution deduction for $2024?$

Charitable contribution deduction for $2024$