During the Current Year, Sage Corporation (A Calendar Year Taxpayer)

Multiple Choice

During the current year, Sage Corporation (a calendar year taxpayer) had the following income and expenses: $\begin{array}{lr}\text { Income from operations } & \$ 200,000 \\\text { Expenses from operations } & 125,000 \\\text { Qualifying dividends from domestic corporation } &\\\text { in which Sage owns a } 40 \% \text { interest }&17,000\\\text { NOL carryover from prior year }&2,000\end{array}$ On October 1, Sage Corporation made a contribution to a qualified charitable organization of $25,000 in cash (not included in any of the above items) .Determine Sage Corporation's charitable contribution deduction for the current year.

A) $7,300.
B) $9,000.
C) $9,200.
D) $25,000.
E) None of the above.