Question: If you could explain how to do these that'd be very helpful, thanks! Special Deductions and Limitations (LO 11.3) In 2022, Citradoria Corporation is a

 If you could explain how to do these that'd be very

helpful, thanks! Special Deductions and Limitations (LO 11.3) In 2022, Citradoria Corporation

If you could explain how to do these that'd be very helpful, thanks!

Special Deductions and Limitations (LO 11.3) In 2022, Citradoria Corporation is a corporation that contributes $35,000 cash to qualified charitable organizations during the current tax year. The corporation has net operating income of $91,000, before deducting the contributions, and adding dividends received from domestic corporations (ownership in all corporations is less than 20 percent) in the amount of $25,000. a. What is the amount of Citradoria Corporation's allowable deduction for charitable contributions for 2022? $ b. In 2023, Citradoria contributes $4,000 to charitable organizations. The corporation has net operating income of $250,000 before deducting the contributions, and no dividend income. What is the amount of Citradoria's allowable deduction for charitable contributions in 2023? $ c. If there is any carryover of the charitable contribution deduction from 2023, what year will it expire? Problem 11-4 Corporate Capital Gains and Losses (LO 11.2) DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2020: Assuming DeMaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2023? If your answer is zero, enter "0". \& X

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