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Business, 28.12.2020 21:00 kaylaamberd

2. During the first year of operation ending December 31, 2014, the corporation incurred the following: Sales $200,000 Operating expenses 150,000 (excludes charitable contribution deduction) Nontaxable income 3,000 Nondeductible expenses 4,000 Capital gains 12,000 Capital losses 15,000 Charitable contributions $6,000 Also, the corporation distributed $9,000 to its shareholders ($3,000 to each shareholder). 5. Calculate the amount of charitable deduction

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2. During the first year of operation ending December 31, 2014, the corporation incurred the followi...
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