Question: In 2010, Cable Corp., a calendar-year C corporation, contributed $80,000 to a qualified charitable organization. Cables 2010 taxable income before the deduction for charitable contributions

In 2010, Cable Corp., a calendar-year C corporation, contributed $80,000 to a qualified charitable organization.

Cable’s 2010 taxable income before the deduction for charitable contributions was $820,000 after a $40,000 dividends received deduction. Cable also had carryover contributions of $10,000 from the prior year. In 2010, what amount can Cable deduct as charitable contributions?

a. $90,000

b. $86,000

c. $82,000

d. $80,000

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