Jackel, Inc. has the following information for the current tax year: $\begin{array}{lr}
\text { Gross sales } & \$ 350,000 \
\text { Cost of goods sold } & 50,000 \
\text { Dividends reoived (10\%) } & 40,000 \
\text { Operating expenses } & 30,000 \
\text { Charitable contributions } & 45,000
\end{array}$ What is Jackel's charitable contribution deduction? What is Jackel's taxable income?

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The Answer of Jackel, Inc. has the following information for the current tax year: $\begin{array}{lr}
\text { Gross sales } & \$ 350,000 \
\text { Cost of goods sold } & 50,000 \
\text { Dividends reoived (10\%) } & 40,000 \
\text { Operating expenses } & 30,000 \
\text { Charitable contributions } & 45,000
\end{array}$ What is Jackel's charitable contribution deduction? What is Jackel's taxable income?

Jackel, Inc What Is Jackel's Charitable Contribution Deduction? What Is Jackel's Taxable