In 2022, Remico has taxable income of $74,000 and a charitable contribution limit modified taxable income of $30,200 Remsco donated cash of $8.760 to a qualified public charity. What i Romsico's cument-year charitable contribution deduction assuming Remsco makes any elections necessary to maximize its charitable contribution deduction? Munple Choice ● 50 current year deduction $1020 cars year deduction $8.760 cunereye deduction $276 cuert year deduction
In 2022, Remico has taxable income of $74,000 and a charitable contribution limit modified taxable income of $30,200 Remsco donated cash of $8.760 to a qualified public charity. What i Romsico's cument-year charitable contribution deduction assuming Remsco makes any elections necessary to maximize its charitable contribution deduction? Munple Choice ● 50 current year deduction $1020 cars year deduction $8.760 cunereye deduction $276 cuert year deduction
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:In 2022, Remsco has taxable income of $74,000 and a charitable contribution limit modified taxable income of $30,200 Remsco donated cash of $8.760 to a qualified public charity What
is Remsco's current-year charitable contribution deduction assuming Remsco makes any elections necessary to maximize its charitable contribution deduction?
Munple Choice
O
O
50 current year deduction
$1.020 cars year deduction
$8,700 cunere year deduction
$8276 curent year deduction
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