Using the Legend Provided, Classify Each Statement Accordingly

question 2

Multiple Choice

Using the legend provided, classify each statement accordingly.
-Excess charitable contributions can be carried over for five years.

• A)Applies only to the income taxation of individuals
• B)Applies only to the income taxation of C corporations
• C)Applies to both the income taxation of individuals and of C corporations
• D)Applies to neither the income taxation of individuals nor of C corporations