Kingbird Corporation (a calendar year C corporation) reports the following income and expenses this year: $\begin{array}{lr}
\text { Income from operations } & \$ 200,000 \
\text { Expenses from operations } & 140,000 \
\text { Dividends received (15\% ownership) } & 15,000
\end{array}$ On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $9,000 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction.
A) $9,000
B) $7,500
C) $6,750
D) $6,525
E) None of these.

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The Answer of Kingbird Corporation (a calendar year C corporation) reports the following income and expenses this year: $\begin{array}{lr}
\text { Income from operations } & \$ 200,000 \
\text { Expenses from operations } & 140,000 \
\text { Dividends received (15\% ownership) } & 15,000
\end{array}$ On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $9,000 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction.
A) $9,000
B) $7,500
C) $6,750
D) $6,525
E) None of these.

Kingbird Corporation (A Calendar Year C Corporation) Reports the Following