Determining charitable contribution deduction

Reference no: EM13150017

Prior to a charitable gift to the Plato University of land with a basis of $6,000 and a value of $13,000, All-Set, Inc. had taxable income of $50,000. If the dividends-received deduction was $80,000, the charitable contribution deduction is:

a. $5,000
b. $6,000
c. $2,925
d. $5,800

Reference no: EM13150017

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