During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses:
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 for the current year.
a. $9,000
b. $7,500
c. $6,650
d. $6,450
e. None of the above

Question

During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses:
  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 for the current year. 
a. $9,000
b. $7,500
c. $6,650
d. $6,450
e. None of the above

Quizplus · Accepted Answer

The Answer of During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses:
  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 for the current year. 
a. $9,000
b. $7,500
c. $6,650
d. $6,450
e. None of the above

During the Current Year, Kingbird Corporation (A Calendar Year C