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What is the corporation maximum deduction

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Problem - During 2019, Learphart Corporation contributes $35,000 to its qualified pension plan. Normal cost for this year is $15,000, and the amount necessary to pay retirement benefits on behalf of employee services before 2019 is $110,000 (past service costs).

Required -

a. What is the corporation's maximum deduction?

b. What is the amount of the company's carryover contribution?

Reference no: EM132673199

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