R, a C Corporation, Has the Following Information Assume R Did Not Have Dividend Income, NOL, or Capital

question 1

Multiple Choice

R, a C corporation, has the following information: $\begin{array}{lrr}&2012&2013\\\text { Taxable income before charitable deductions } & \$ 30,000 & \$ 10,000 \\\text { Charitable contributions } & 0 & 3,000\end{array}$ Assume R did not have dividend income, NOL, or capital loss carrybacks in either year.R's taxable incomes for 2012 and for 2013, respectively, are

• A)$30,000; $9,000
• B)$29,000; $8,000
• C)$28,000; $7,000
• D)$27,000; $7,000

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