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. . . . . Required information [The following information applies to the questions displayed below.] . . . . . . . . . . . . . . . . . . In year 1 (the current year), OCC Corp. made a charitable donation of $200,000 to the Jordan Spieth Family Foundation (a qualifying charity). For the year, OCC reported taxable income of $1,500,000 before deducting any charitable contributions, before deducting its $20,000 dividends received deduction, and before deducting its $40,000 NOL carryover from last year. . . . . . . . . . . . . . . . . a. What amount of the $200,000 donation is OCC allowed to deduct for tax purposes in year 1? Deductible donation
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