MR Hank owns and operates a pet store. She contributed 5 , 0 0 0 bags of

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MR Hank owns and operates a pet store. She contributed $5, 000$ bags of cat and dog food from her inventory to the local Society for Prevention of Cruelty to Animals. Her cost basis in the pet food was $ $6, 300,$ and its FMV $($ retail $)$ was $ $5, 600 .$ Ms $.$ Holk $’$ s itemized deduction for this contribution is limited to $______$

$ $6, 300$

$ $700$

$ $5, 600$

$ $11, 900$

$2.$

Anoud Co $.,$ a publicly held company, paid its CEO an annual salary of $ $2$ million. Companies in the same industry pay employees holding a comparable position $ $1.8$ million. As a tax auditor from the FTA, calculate the after $-$ tax cost of this payment.
$ $1, 838, 000$
$ $1, 820, 000$
$ $1, 638, 000$
$ $362, 000$