Question: Question 8 2 pts Crescent, Inc. had $ 1 , 0 0 0 , 0 0 0 of taxable income in the current year before

Question 8
2 pts
Crescent, Inc. had $1,000,000 of taxable income in the current year before considering their charitable contributions. After a hurricane, Crescent donated $250,000 cash to local charities to help the community and its citizens. How much of the $250,000 contributions may Crescent deduct in the current year?
$0
$100,000
$125,000
$250,000
Question 8 2 pts Crescent, Inc. had $ 1 , 0 0 0 ,

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