During the Current Year,Kingbird Corporation (A Calendar Year C Corporation)had

question 49

Multiple Choice

During the current year,Kingbird Corporation (a calendar year C corporation) had the following income and expenses:

On October 1,Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not included in any of the above items) .Determine Kingbird's charitable contribution deduction for the current year.

• A)$0.
• B)$4,230.
• C)$4,500.
• D)$6,300.
• E)None of the above.

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Definitions:

Face Card

A playing card that depicts a person with royal or social significance, including kings, queens, and jacks in a standard deck of cards.

Standard Deck

A deck of 52 playing cards, consisting of four suits: hearts, diamonds, clubs, and spades, each suit containing 13 cards from Ace to King.

Spade

A tool with a broad, flat blade, typically used for digging or cutting earth.

Standard Deck

Refers to a complete set of playing cards typically consisting of 52 cards, divided into four suits: hearts, diamonds, clubs, and spades.