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What the maximum charitable donation deduction

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Question - CCC Inc. is a Canadian controlled private corporation. During the year, CCC Inc. made charitable donations of $13,000. It has a charitable donation carry forward from the preceding year of $2,000. CCC Inc.'s Net Income For Tax Purposes for the current year consisted of $91,000 of active business income, $10,000 of dividends from taxable Canadian corporations and a net rental loss of $84,000. What the maximum charitable donation deduction for CCC Inc. in the current year?

Reference no: EM132920015

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