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Calculator Owl Corporation (a corporation), a retailer of children's apparel, made the following donations to qualified charitable organizations this year Children's clothing held as inventory,
Calculator Owl Corporation (a corporation), a retailer of children's apparel, made the following donations to qualified charitable organizations this year Children's clothing held as inventory, to Haven for Hope Adjusted fatis $10,000 Fair Market Value $15,000 Stock in Exxon Corporation acquired two years 200 and held as an investment, to Oty University 5,000 3,000 Land acquired four years ago and held as an investment, to Humane Society 50,000 75,000 How much qualifies for the charitable contribution deduction (ignoring the taxable income limitation)? a. $90,500 b. $63,000 c. $92,500 d. $65,000 Oe None of these choices are correct
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