Jackel, Inc. has the following information for the current tax year: 
What is Jackel's charitable contribution deduction? What is Jackel's taxable income?
Definitions:
International Trade
entails the exchange of goods and services across international borders or territories, influenced by comparative advantages, exchange rates, and global economic policies.
Firms
Business entities or organizations that engage in commercial, industrial, or professional activities.
Budget Surplus
When federal tax receipts are greater than federal government spending.
Budget Deficit
A budget deficit occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period.
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