Salem realizes the importance of being a good corporate citizen and makes general contributions to worldwide charitable

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Salem realizes the importance of being a good corporate citizen and makes general contributions to worldwide charitable organizations. For 2009, Salem wants to contribute $1,500,000 to various charities. Based on 2008 tax laws, if Salem's taxable income before charitable contributions is $11,500,000 in 2009, calculate the charitable contribution allowance for 2009. Provide a recommendation to Salem management regarding tax implications of this contribution.
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Management People Performance Change

ISBN: 978-0132176408

1st edition

Authors: Luis R. Gomez Mejia, David B. Balkin

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