Business, 19.04.2021 16:20 villarrealc1987

In its first year, Barsky Corporation made charitable contributions totaling $30,000. The corporation's taxable income before any charitable contribution deduction was $250,000. In its second year, Barsky made charitable contributions of $15,000 and earned taxable income before the contribution deduction of $300,000. Assume neither year is 2020. Required: Compute Barsky's allowable charitable contribution deduction and its final taxable income for its first year. Compute Barsky's allowable charitable contribution deduction and its final taxable income for its second year

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:50, adrianmelchor146

The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000

Answers: 3

continue

Business, 22.06.2019 18:00, SmolBeanPotato

What is the cause of smoky exhaust?

Answers: 1

continue

Business, 22.06.2019 20:00, Cklug2520

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability

Answers: 2

continue

Business, 22.06.2019 20:00, payshencec21

Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80

Answers: 1

continue

You know the right answer?

In its first year, Barsky Corporation made charitable contributions totaling $30,000. The corporatio...