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Business, 12.03.2021 18:50 caprisun1491

Remsco has taxable income of $70,000 and a charitable contribution limit modified taxable income of $77,000. Its charitable contributions for the year were $7,900. What is Remsco's current-year charitable contribution deduction and contribution carryover (assuming Remsco does not elect to use the 25% of modified taxable income to determine its charitable contribution deduction)

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