During the current year, Owl Corporation (a C corporation), a retailer of children's apparel, made the following donations to qualified charitable organizations. How much qualifies for the charitable contribution deduction (ignoring the taxable income limitation)?
A)$63,000
B)$65,000
C)$90,500
D)$92,500
E)None of the above

Question

During the current year, Owl Corporation (a C corporation), a retailer of children's apparel, made the following donations to qualified charitable organizations.  ​ How much qualifies for the charitable contribution deduction (ignoring the taxable income limitation)?
A)$63,000 
B)$65,000 
C)$90,500 
D)$92,500 
E)None of the above

Quizplus · Accepted Answer

The Answer of During the current year, Owl Corporation (a C corporation), a retailer of children's apparel, made the following donations to qualified charitable organizations.  ​ How much qualifies for the charitable contribution deduction (ignoring the taxable income limitation)?
A)$63,000 
B)$65,000 
C)$90,500 
D)$92,500 
E)None of the above

During the Current Year, Owl Corporation (A C Corporation), a Retailer