Bermuda Corporation reports the following results in 2017 and 2018: $\begin{array}{|l|r|r|}
\hline & \mathbf{2 0 1 7} &{\mathbf{2 0 1 8}} \
\hline \text { Adjusted taxable income } & \$ 400,000 & \$ 600,000 \
\hline \text { Charitable contributions } & 70,000 & 50,000 \
\hline
\end{array}$ What is Bermuda's contribution deduction in 2017 and 2018? What is the disposition of any remaining amount?

Question

Bermuda Corporation reports the following results in 2017 and 2018: $\begin{array}{|l|r|r|} 
\hline & \mathbf{2 0 1 7} &{\mathbf{2 0 1 8}} \
\hline \text { Adjusted taxable income } & \$ 400,000 & \$ 600,000 \
\hline \text { Charitable contributions } & 70,000 & 50,000 \
\hline
\end{array}$ What is Bermuda's contribution deduction in 2017 and 2018? What is the disposition of any remaining amount?

Quizplus · Accepted Answer

The Answer of Bermuda Corporation reports the following results in 2017 and 2018: $\begin{array}{|l|r|r|} 
\hline & \mathbf{2 0 1 7} &{\mathbf{2 0 1 8}} \
\hline \text { Adjusted taxable income } & \$ 400,000 & \$ 600,000 \
\hline \text { Charitable contributions } & 70,000 & 50,000 \
\hline
\end{array}$ What is Bermuda's contribution deduction in 2017 and 2018? What is the disposition of any remaining amount?

Bermuda Corporation Reports the Following Results in 2017 and 2018