Monroe Corporation reported the following results for the current year: 
Included in the above is $5,000 of qualified production activities income. In addition, Monroe Corporation has a $5,000 NOL carryforward from last year. How much can Monroe Corporation take as a charitable contribution deduction in the current year?
A) $15,000
B) $10,500
C) $10,000
D) $5,000
Correct Answer:
Verified
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