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:

Divorce Rates

The statistical measure of the number of divorces occurring among the population within a given time frame.

Sexual Intercourse

A physical activity between humans involving genital contact, typically resulting in sexual pleasure and, in some cases, reproduction.

Sext

The act of sending sexually explicit messages or images, primarily through mobile phones or the internet.

Condom

A thin sheath typically made from latex, worn on a man's penis during sexual activity for contraceptive purposes and to prevent the transmission of sexually transmitted infections.