What is the amount of citradoria corporations allowable

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Case: In 2024, Citradoria Corporation is a corporation that contributes $35,000 cash to qualified charitable organizations during the current tax year. The corporation has net operating income of $88,000, before deducting the contributions. Net operating income also excludes a $25,000 dividend received from a less than 20-percent-owned domestic corporation. Get expert-level assistance in any subject with our assignment help services.

Question Content Area a. What is the amount of Citradoria Corporation's allowable deduction for charitable contributions for 2024?

Reference no: EM133925912

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