Question
QUESTION 20 In 2021, Pilot Corp., a calendar-year C corporation, contributed $80,000 to a qualified charitable organization. Pilot's 2021 charitable contribution modified taxable income
QUESTION 20 In 2021, Pilot Corp., a calendar-year C corporation, contributed $80,000 to a qualified charitable organization. Pilot's 2021 charitable contribution modified taxable income is $344,000. Pilot also has an excess charitable contribution carryover of $2,000 from 2020. In 2021, what amount can Pilot deduct as charitable contributions? O a. 90,000 b. 82,000 C. c. 80,000 O d. d. 86,000
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
9th edition
9781285401072, 1111971722, 1285401077, 978-1111971724
