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

Short Answer

During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses:
$\begin{array}{llr} \text {Income from operations } &\$200,000\\ \text { Expenses from operations } &140,000\\ \text {Dividends received ( \( 15 \% \) ownership) } &15,000\\ \text { Domestic production activities deduction } &2,000\\\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 for the current year.
a. $9,000.
b. $7,500.
c. $6,650.
d. $6,450.
e. None of the above.