During 2021, Corporation G received $30,000 in dividends from a taxable domestic corporation in which G had
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During 2021, Corporation G received $30,000 in dividends from a taxable domestic corporation in which G had 25 ownership G received no other dividends Gs charitable contributions for 2021 totaled $30,000 (not for relief efforts) Gs taxable income for 2021 was $70,000 after the dividendsreceived deduction but before the deduction for charitable contributions What is the amount of Corporation Gs charitable contribution deduction for 2021
A. $7,000
B. $8,950
C. $10,000
D. $15,000
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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