Question: In Year 2 , Cable Corp., a calendar year C corporation, contributed $ 8 0 , 0 0 0 to a qualified charitable organization. Cable's

In Year 2, Cable Corp., a calendar year C corporation, contributed $80,000 to a qualified charitable organization. Cable's Year 2 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 Year 1. In Year 2, what amount can Cable deduct as charitable contributions?

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