Charitable contribution deduction for the current year

Reference no: EM13154933

During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses:

Income from operations $135,000
Expenses from operations 99,000
Dividends received (40% ownership) 9,000
Domestic production activities deduction 2,700

On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.

a. $0.

b. $4,230.

c. $4,500.

d. $6,300.

e. None of the above.

Reference no: EM13154933

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