$15$

Problem $16-51($LO $16-2)($Algo$)$

In $2022,$ LAA Incorporated made a charitable donation of $$106,000$ to the Trevor Project $($a qualifying charity$).$ For the year, LAA reported taxable income of $$556,000,$ which included a $$106,000$ charitable contribution deduction $($before limitation$)$ and a $$50,600$ dividends$-$received deduction.

What is LAA Incorporated's charitable contribution deduction for $2022?$ Assume the charitable donation is not a qualified contribution because LAA incorporated did not make the necessary election.

Charitable contribution deduction for $2022$