Question: Compute XYZ$$s income tax liability. X Y Z is a calendar$-$year corporation that began business on January $1,2021.$ For the year, it reported the following information in its current$-$year audited income statement. Notes with important tax information are provided below. Use Exhibit $16-6./$r$/$n $1.$ X Y Z owns $30$

How is the charitable contribution carryover calculated?