Find out kingbird charitable contribution deduction

Reference no: EM13122218

Q. During the current year, Kingbird Corporation (a calendar year C corporation) had the subsequent 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 comprised in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.

Reference no: EM13122218

Questions Cloud

Illustrate what is the legal source of the industry legal : Illustrate what is the basis for the industry's legal duty to the surrounding community? In other words, illustrate what is the legal source of the industry's legal duty?

Classify two organizations with similar problems : Classify two organizations with similar problems but from different countries. Analyze political, social, ethical and legal differences facing both organizations and determine the impact these differences have on management decision making.

Price-demand-revenue function : What is the marginal revenue equation? Find the output to the nearest thousand cameras that will produce the maximum revenue. What is the maximum revenue?

Federal income tax : In 2010, Richard, a single taxpayer, has adjusted gross income of 40,450. His AGI includes $4000 of qualified dividends. Richard has no dependents and does not itemize deductions. What is his 2010 federal income tax?

Find out kingbird charitable contribution deduction : Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not comprised in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.

Causes of obesity in the 21st century : Write an outline for an essay about Causes of Obesity in the 21st Century ?

Identify the type of probability for independent event : Explain how probability is used in that situation. Identify the type of probability your example best fits by explaining whether it is an independent event or dependent upon something else.

What do you predict the real exchange rate : What do you predict the real exchange rate will be one year from now and what do you predict the yen per dollar nominal exchange rate will be in one year?

List out five to ten specific things that project managers : List out five to ten specific things that project managers can do to help manage stakeholders. Provide some examples of successful and unsuccessful relationships with project stakeholders.

User Account

All Pages