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Pluto Corporation Contributes $30,000 to Qualified Charitable Organizations During 2017

Question 31

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

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