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    Federal Taxation
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    Exam 8: Consolidated Tax Returns
  5. Question
    A Federal Consolidated Filing Group Aggregates Its Separate Charitable Contributions
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A Federal Consolidated Filing Group Aggregates Its Separate Charitable Contributions

Question 55

Question 55

True/False

A Federal consolidated filing group aggregates its separate charitable contributions for the tax year, deductions for which are then subject to an annual limitation of 10% of consolidated taxable income.

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