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 Corporation)