Pluto Corporation Contributes $30,000 to Qualified Charitable Organizations During 2018

question 17

Multiple Choice

Pluto Corporation contributes $30,000 to qualified charitable organizations during 2018. Pluto's 2018 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 2017. What is the maximum amount Pluto Corporation can deduct as a charitable contribution for 2018?

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

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Definitions:

Novel Tastes

Experiences of new and unfamiliar flavors or culinary dishes.

Loud Sounds

High decibel noises that can range from mildly distracting to potentially harmful.

Bright Lights

Intense levels of light that can have various effects on human behavior and physiology, such as impacting circadian rhythms.

Observational Learning

Learning that occurs through observing the actions of others and the consequences of those actions, without direct experience.