Pluto Corporation Contributes $30,000 to Qualified Charitable Organizations During 2017

question 31

Multiple Choice

Pluto Corporation contributes $30,000 to qualified charitable organizations during 2017.Pluto's 2017 taxable income before any charitable contribution deduction is $280,000.Included in that amount is a $10,000 dividend-received deduction amount.Pluto also has a carryover charitable contribution of $2,000 from 2016.What is the maximum amount Pluto Corporation can deduct as a charitable contribution for 2017?

• A)$- 0 -
• B)$28,000
• C)$29,000
• D)$30,000
• E)$35,000

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Definitions:

Diversity Practices

Strategies and policies implemented by organizations to create an inclusive workplace that respects and values differences among employees.

Workplace Diversity

The inclusion of individuals of different races, genders, ages, religions, sexual orientations, and other attributes in the workforce.

Reciprocal Arrangements

Agreements between two or more parties to provide services, goods, or other benefits to each other in exchange for similar advantages.

Buyer-seller Relationships

The interactions and associations between purchasers and providers of goods or services, impacting the sales process and customer satisfaction.