QUESTION 11 Coattail Corporation (CC) manufactures and sells women and children's coats. This year CC donated 1,000 coats to a qualified public charity. The charity distributed the coats to needy women and children throughout the region. At the time of the contribution, the fair market value of each coat was $82. CC's adjusted basis in each coat was $30. What is the amount of CC's charitable contribution (the taxable income limitation does not apply)? QUESTION 12 Last year, TBA Corporation, a calendar-year taxpayer, reported a tax liability of $80.000. TBA confidently anticipates a current year tax liability of $240,000. What minimum estimated tax payments should TBA make for the second quarter (ignore the annualized income method) assuming that TBA is not considered to be a large corporation for estimated tax purposes? QUESTION 13 Last year. TBA Corporation, a calendar-year taxpayer, reported a tax liability of $80,000. TBA confidently anticipates a current year tax liability of $240,000 What minimum estimated tax payments should TBA make for the second quarter (ignore the annualized income method) assuming that TBA is considered to be a large corporation for estimated tax purposes