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What is the amount of highlander corp charitable deduction

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Reference no: EM131777038

Question - During 2010, Highlander Corp., had the following income and expenses:

gross receipts 700,000

salaries 300,000

charitable contribution 60,000

capital gains 7,000

depreciation expense 28,000

dividend income 60,000

dividends received deduction 42,000

What is the amount of Highlander's Corp. charitable deduction for 2010?

A) 33,400

B) 43,900

C) 46,900

D) 60,000

E) none of the above

Reference no: EM131777038

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