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Pluto Corporation Contributes $30,000 to Qualified Charitable Organizations During 2013

question 28

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Pluto Corporation contributes $30,000 to qualified charitable organizations during 2013.Pluto's 2013 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 2012.What is the maximum amount Pluto Corporation can deduct as a charitable contribution for 2013?


Definitions:

Audition

The process of hearing or the ability to hear.

Vestibular Sense

The sensory system that contributes to balance and spatial orientation by detecting changes in motion and the position of the head.

Perception

The process by which individuals interpret and organize sensory information to understand their environment.

Stroboscopic Movement

an optical illusion in which continuous motion is represented by a series of short or instantaneous samples, as seen in motion pictures.

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