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What is pawtucket charitable contribution deduction

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Problem 1: In 2019, Pawtucket Brewery donated a total of $5,000,000 cash to a qualifying charity. Pawtucket's taxable income was $60,000,000 before charitable contribution, but after an NOL carryover of $1,00,000 and DRD of $3,000,000. Further, Pawtucket has $7,000,000 of disallowed charitable contributions remaining from 2018. What is Pawtucket's charitable contribution deduction for 2019?

Reference no: EM132830691

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