Question: QUESTION 10 in year 7 (the current year. OCC Corp. made a charitable donation of $200,000 to the Phil and Amy Mickelson Foundation (a qualifying

QUESTION 10 in year 7 (the current year. OCC Corp. made

QUESTION 10 in year 7 (the current year. OCC Corp. made a charitable donation of $200,000 to the Phil and Amy Mickelson Foundation (a qualifying charity For the year, OCC reported tax g any charitable contributions, before deducting its $20,000 dividends received deduction ) able income of $1,400,000 and before deducting its s50,000 NOL carryover from last year. What amount of the S200,000 donation is OCC allowed to deduct for tax purposes in year 1

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