Multiple Choice
Pluto Corporation contributes $30,000 to qualified charitable organizations during 2017.Pluto's 2017 taxable income before any charitable contribution deduction is $280,000.Included in that amount is a $10,000 dividend-received deduction amount.Pluto also has a carryover charitable contribution of $2,000 from 2016.What is the maximum amount Pluto Corporation can deduct as a charitable contribution for 2017?
A) $- 0 -
B) $28,000
C) $29,000
D) $30,000
E) $35,000
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Craig Corporation realizes $150,000 from sales during
Q30: During the current year,Swallowtail Corporation receives dividend
Q32: Chance Corporation has a $20,000 deficit in
Q33: Luisa,Lois,and Lucy operate a boutique named Mariabelle's
Q36: Cornell and Joe are equal partners in
Q56: Louise is the marketing manager and a
Q62: Anna owns 20% of Cross Co., an
Q65: On a nonliquidating distribution of cash from
Q79: A corporation's calculation of the maximum allowable
Q85: A partner's basis is increased by the