A Corporation's Excess Charitable Contributions Over the Amount Deductible

question 5

Multiple Choice

A corporation's excess charitable contributions over the amount deductible

• A)May be carried back two years and forward 20 years.
• B)May be carried back or forward for two years at the corporation's election.
• C)May be carried forward for a maximum of five succeeding years.
• D)Is not deductible in any future or prior year.

---

Definitions:

Ethnicity

A social construct that categorizes people based on common cultural, ancestral, language, or national experiences.

Cultural Ideas

Concepts, beliefs, or values shared among members of a society or group that shape their practices, behaviors, and interactions.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, language, or religion, which differentiates them from other groups.

Amish

A group of traditionalist Christian church fellowships known for simple living, plain dress, and reluctance to adopt many conveniences of modern technology.