If a Corporation's Charitable Contributions Exceed the Deduction Limitation in a Particular

question 67

Multiple Choice

If a corporation's charitable contributions exceed the deduction limitation in a particular year, the excess

• A)is not deductible in any future year.
• B)becomes a carryover to a maximum of five succeeding years.
• C)may be carried back to the third preceding year.
• D)is carried over indefinitely.

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Definitions:

Physical Barriers

Obstacles in a physical environment that prevent or hinder accessibility for individuals, particularly those with disabilities.

Family Engagement

the active and ongoing participation of families in the educational and developmental processes of their children, promoting better learning outcomes.

Engaged

Actively involved and interested in a particular activity or subject.

Skills

The ability to do something well, often acquired through training or experience.