Witte Corporation Reported the Following Results for the Current Year

question 47

Multiple Choice

Witte Corporation reported the following results for the current year: $\begin{array}{|l|r|}\hline\text { Taxable income before the dividends-received deduction }\\\text { and before the charitable contributions deduction } & \$ 160,000 \\\hline \text { Dividends-received deduction } & 10,000 \\\hline \text { Charitable contributions } & 30,000\\\hline\end{array}$ What is the amount of the charitable contribution carryover to next year?

• A)$0
• B)$14,000
• C)$16,000
• D)$30,000

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Definitions:

Pinion Gear

A small gear that engages with a larger gear or rack, often used to transmit rotational motion in machinery.

Tooth Contact Pattern

The intermesh contact surfaces between a pair of mating gears; usually no-load tested using machinist’s (Prussian) blue or other semifluid test media.

Crown Gear

A large disc-shaped gear usually driven at right angles by a smaller pinion gear. It alters the torque path direction in a final drive carrier by 90 degrees, so that a longitudinal drive shaft can deliver transverse torque to the driving wheels.

Backlash

The gapping or play between mating gear teeth usually measured with thickness gauges or a dial indicator.