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  3. Study Set
    Concepts in Federal Taxation
  4. Exam
    Exam 14: Choice of Business Entity-Operations and Distributions
  5. Question
    A Corporation May Reduce Trade or Business Income by a Charitable
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A Corporation May Reduce Trade or Business Income by a Charitable

Question 6

Question 6

True/False

A corporation may reduce trade or business income by a charitable contributions made by the corporation, but the deduction is limited to 10% of taxable income, as adjusted.

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