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

Question 122

Multiple Choice

Kingbird Corporation (a calendar year C corporation) reports the following income and expenses this year:  Income from operations $200,000 Expenses from operations 140,000 Dividends received (15% ownership)  15,000\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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