In the current year, Dalton Corporation donated $50,000 to a charity. For the year, it reported taxable income of $310,000, which included deductions for the following: the $50,000 charitable contribution (before limitation), a $100,000 dividends received deduction, and a $20,000 net operating loss carryover from a prior year. The donation was made to a valid charity. What is Dalton Corporation's charitable contribution deduction in the current year? In the current year, Dalton Corporation donated $50,000 to a charity. For the year, it reported taxable income of $310,000, which included deductions for the following: the $50,000 charitable contribution (before limitation), a $100,000 dividends received deduction, and a $20,000 net operating loss carryover from a prior year. The donation was made to a valid charity. 

What is Dalton Corporation's charitable contribution deduction in the current year?

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