subject
Business, 16.04.2020 17:24 gungamer720

In year 1 (the current year), LAA Inc. made a charitable donation of $153,750 to the American Red Cross (a qualifying charity). For the year, LAA reported taxable income of $608,000, which included a $153,750 charitable contribution deduction (before limitation), and a $60,250 dividends received deduction. What is LAA Inc.’s charitable contribution deduction for year 1?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:00
Abc company currently pays a dividend of $2.15 per share, d0=2.15. it is estimated that the company’s dividend will grow at a rate of 30 percent per year for the next 3 years, then the dividend will grow at a constant rate of 7 percent thereafter. the market rate of return is 9 percent. what would you estimate is the stock’s current price?
Answers: 3
question
Business, 21.06.2019 21:20
Vital industries manufactured 2 comma 200 units of its product huge in the month of april. it incurred a total cost of $ 121 comma 000 during the month. out of this $ 121 comma 000, $ 46 comma 000 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. ryan had no opening or closing inventory. what will be the total cost per unit of the product, assuming conversion costs contained $ 10 comma 900 of indirect labor?
Answers: 1
question
Business, 22.06.2019 01:30
For each example identify the most appropriate ctso
Answers: 3
question
Business, 22.06.2019 11:00
Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150
Answers: 2
You know the right answer?
In year 1 (the current year), LAA Inc. made a charitable donation of $153,750 to the American Red Cr...
Questions
question
Mathematics, 18.02.2020 20:14
question
English, 18.02.2020 20:14
question
Mathematics, 18.02.2020 20:14
question
Mathematics, 18.02.2020 20:15
Questions on the website: 13722363