Question: a . If GC actually pays $ 5 0 , 0 0 0 of this contribution on January 1 5 of year 2 and the

a. If GC actually pays $50,000 of this contribution on January 15 of year 2 and the remaining $25,000 on or before April 15 of year 2, what booktax difference will it report associated with the contribution in year 1(assume the income limit does not apply)? Is it favorable or unfavorable? Is it permanent or temporary?

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