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Requirement a. How much is Zenda's charitable contributions deduction in Year 1? In Year 2? The corporation's charitable contributions deduction in Year 1 (2022)= The corporation's charitable contributions deduction in Year 2 (2023) = Requirement b. What is Zenda's contribution carryover to Year 3, if any? (If there is no charitable contributions carryover, enter a 0.) The corporation's contribution carryover to Year 3 = Results Year 1 Year 2 Adjusted taxable income. $ 190,000 $ 155,000 Charitable contributions 25,000 14,500 Print Done - ☑

Requirement a. How much is Zenda's charitable contributions deduction in Year 1? In Year 2? The corporation's charitable contributions deduction in Year 1 (2022)= The corporation's charitable contributions deduction in Year 2 (2023) = Requirement b. What is Zenda's contribution carryover to Year 3, if any? (If there is no charitable contributions carryover, enter a 0.) The corporation's contribution carryover to Year 3 = Results Year 1 Year 2 Adjusted taxable income. $ 190,000 $ 155,000 Charitable contributions 25,000 14,500 Print Done - ☑

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Requirement a. How much is Zenda's charitable contributions deduction in Year 1? In Year 2? The corporation's charitable contributions deduction in Year 1 (2022)= The corporation's charitable contributions deduction in Year 2 (2023) = Requirement b. What is Zenda's contribution carryover to Year 3, if any? (If there is no charitable contributions carryover, enter a 0.) The corporation's contribution carryover to Year 3 = Results Year 1 Year 2 Adjusted taxable income. $ 190,000 $ 155,000 Charitable contributions 25,000 14,500 Print Done - ☑
Transcribed Image Text:Requirement a. How much is Zenda's charitable contributions deduction in Year 1? In Year 2? The corporation's charitable contributions deduction in Year 1 (2022)= The corporation's charitable contributions deduction in Year 2 (2023) = Requirement b. What is Zenda's contribution carryover to Year 3, if any? (If there is no charitable contributions carryover, enter a 0.) The corporation's contribution carryover to Year 3 = Results Year 1 Year 2 Adjusted taxable income. $ 190,000 $ 155,000 Charitable contributions 25,000 14,500 Print Done - ☑
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