Webtel Corporation donated $50,000 to a qualifying charity.For the year, it reported taxable income of $310,000, which included the following: the $50,000 charitable contribution (before limitation), a $100,000 dividends received deduction, and a $20,000 net operating loss carryover.What is Webtel Corp's charitable contribution deduction?

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The Answer of Webtel Corporation donated $50,000 to a qualifying charity.For the year, it reported taxable income of $310,000, which included the following: the $50,000 charitable contribution (before limitation), a $100,000 dividends received deduction, and a $20,000 net operating loss carryover.What is Webtel Corp's charitable contribution deduction?

Webtel Corporation Donated $50,000 to a Qualifying Charity